<SEC-DOCUMENT>0001558370-22-005253.txt : 20220411
<SEC-HEADER>0001558370-22-005253.hdr.sgml : 20220411
<ACCEPTANCE-DATETIME>20220408200248
ACCESSION NUMBER:		0001558370-22-005253
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20220408
FILED AS OF DATE:		20220411
DATE AS OF CHANGE:		20220408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Suzano S.A.
		CENTRAL INDEX KEY:			0000909327
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38755
		FILM NUMBER:		22818289

	BUSINESS ADDRESS:	
		STREET 1:		AV. PROFESSOR MAGALHAES NETO, 1,752
		STREET 2:		10TH FLOOR, ROOMS 1010 AND 1011
		CITY:			SALVADOR - BA
		STATE:			D5
		ZIP:			41 810-012
		BUSINESS PHONE:		551121384588

	MAIL ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA, 1,355
		STREET 2:		7TH FLOOR
		CITY:			PINHEIROS, SAO PAULO - SP
		STATE:			D5
		ZIP:			01 452-919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Suzano Papel e Celulose S.A.
		DATE OF NAME CHANGE:	20180322

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPANHIA SUZANO DE PAPEL E CELULOSE                    /FI
		DATE OF NAME CHANGE:	19930719
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tmb-20220408x6k.htm
<DESCRIPTION>6-K
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 4/8/2022 11:37:46 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:1pt;padding-top:1pt;border-bottom:1.0pt solid #000000;border-top:3.0pt solid #000000;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">UNITED STATES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Washington, DC 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">FORM&#160;6-K</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">PURSUANT TO RULE 13a-16 OR 15d-16</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">For the month of April, 2022.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Commission File Number 001-38755</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">Suzano S.A.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Exact name of registrant as specified in its charter)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SUZANO INC.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Translation of Registrant&#8217;s Name into English)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Av. Professor Magalhaes Neto, 1,752</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">10th Floor, Rooms 1010 and 1011</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Salvador, Brazil 41 810-012</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">(Address of principal executive office)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0 auto;" align="center"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form&#160;40-F.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Form&#160;20-F <font style="font-family:'Times New Roman';">&#8999;</font><font style="white-space:pre-wrap;">     Form&#160;40-F </font><font style="font-family:'Times New Roman';">&#9723;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation S-T Rule&#160;101(b)(1): <font style="font-family:'Times New Roman';">&#9723;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation S-T Rule&#160;101(b)(7): <font style="font-family:'Times New Roman';">&#9723;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-bottom:1pt;padding-top:1pt;border-bottom:3.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';line-height:0pt;margin:0pt;"><font style="font-size:0pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Enclosures</u>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Exhibit 99.1&#160;&#8211; <a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="tmb-20220408xex99d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">Management Proposal</font></a> </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">2</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Date: April 08, 2022</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;width:6.5%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;width:44.36%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:6.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:44.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">SUZANO S.A.</b></p></td></tr><tr><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:6.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:44.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:6.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">By:</p></td><td style="vertical-align:bottom;width:44.36%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">/s/ Marcelo Feriozzi Bacci</p></td></tr><tr><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:6.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Name:</p></td><td style="vertical-align:bottom;width:44.36%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Marcelo Feriozzi Bacci</p></td></tr><tr><td style="vertical-align:bottom;width:49.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:6.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Title:</p></td><td style="vertical-align:bottom;width:44.36%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Chief Financial Officer and Investor Relations Director</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;">3</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tmb-20220408xex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  9.14.0.96--><!--Created on: 4/8/2022 11:38:01 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-size:11pt;font-weight:bold;">Exhibit&#160;99.1</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:0.15pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">MANAGEMENT PROPOSAL</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">ANNUAL ORDINARY AND EXTRAORDINARY SHAREHOLDER&#8217;S MEETINGS</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">OF</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SUZANO S.A.</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">TO BE HELD CUMULATIVELY</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">EXCLUSIVELY IN ELECTRONIC FORM</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">ON APRIL 25, 2022</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">TABLE OF CONTENTS</b></p><p style="color:#2f5496;font-family:'Calibri Light';font-size:16pt;line-height:1.27;text-indent:0pt;margin:12pt 0pt 0pt 0pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">I.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">Information on the matters subject to resolution</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">II.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;"><font style="white-space:pre-wrap;"> </font>Comments from Officers (Section 10 - CVM Instruction No. 480/09)</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">12</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">III.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">Exhibit</font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;"><font style="white-space:pre-wrap;"> </font>9-1-II of CVM Instruction 481</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">69</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">IV.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">Management (Sections 12.5 to 12.10 - CVM Instruction No. 480/09)</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">76</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">V.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">Management Compensation (Section 13 &#8211; CVM Instruction No. 480/09)</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">92</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">VI.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">General Terms and Conditions Referred to in the form of Indemnity Agreement</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">134</font></font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;min-width:5.01%;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">VII.</font></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">Standard Draft of the Indemnity Agreement</font></font><font style="bottom:2.8793945pt;display:block;height:1em;left:0pt;position:absolute;width:100%;z-index:0;border-bottom:1.0px dotted #000000;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">139</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The above items are an integral part of this Management Proposal (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Management Proposal</u><font style="font-family:'Times New Roman','Times','serif';">&#8221; or &#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Proposal</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) and comply with the provisions of Law 6,404, of December 15, 1976 (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Brazilian Corporations Law</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) and CVM Instruction No. 481, of December 17, 2009, as amended (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">ICVM 481</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;).</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="left:-0.07%;position:absolute;top:-6.4pt;width:427.5pt;z-index:251658240;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:-0.07%;position:absolute;top:-12.4pt;width:429pt;z-index:251660288;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:16pt;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">I.</font><a name="_Toc97210204"></a><a name="_Toc67081026"></a><a name="_Toc67036340"></a><a name="_Toc35936826"></a><a name="_Toc37862352"></a><a name="_Toc99038212"></a><b style="font-size:11pt;font-weight:bold;">Information on the matters subject to </b><b style="font-size:11pt;font-weight:bold;">resolution</b></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:-0.05pt;width:427.5pt;z-index:251662336;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:5.95pt;width:429pt;z-index:251664384;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Dear Shareholders,</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The Management of Suzano S.A. (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Company</u><font style="font-family:'Times New Roman','Times','serif';">&#8221; or &#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Suzano</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) hereby presents to the Shareholders the following proposals to be subject of resolution at Annual Ordinary (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">AGM</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) and Extraordinary General Meetings (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">EGM</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;), to be held, cumulatively (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">AOEM</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;), on April 25, 2022, at 9:00 am, exclusively in electronic form pursuant to ICVM 481, as amended by CVM Instruction No. 622, of April 17, 2020.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-style:italic;font-weight:bold;">The Company emphasizes that the presentation of the information contained in this Proposal does not replace, for any purpose, the careful and complete reading of all its Annexes.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(1) Verify the management accounts for the fiscal year ended December 31, 2021 and examine, discuss and vote on the Company&#8217;s financial statements for the fiscal year ended December 31, 2021, as well as review the management report relating to such fiscal year.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The Management Report and the individual and consolidated Financial Statements of the Company and their respective Explanatory Notes, all related to the fiscal year ended on December 31, 2021 (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">FS2021</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;), accompanied by the independent auditor&#8217;s report, the opinion of the Fiscal Council, and the Audit Committee&#8217;s Opinion are available on the Company&#8217;s website </font><font style="font-family:'Times New Roman','Times','serif';">www.suzano.com.br/ri</font><font style="font-family:'Times New Roman','Times','serif';">, on the website of the Securities and Exchange Commission (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">CVM</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) </font><font style="font-family:'Times New Roman','Times','serif';">www.cvm.gov.br</font><font style="font-family:'Times New Roman','Times','serif';">, &#160;and on the website of </font><font style="font-family:'Times New Roman','Times','serif';">B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o (&#8220;</font><u style="font-family:'Times New Roman','Times','serif';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">B3</u><font style="font-family:'Times New Roman','Times','serif';">&#8221;) </font><font style="font-family:'Times New Roman','Times','serif';">www.b3.com.br.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The individual and consolidated Financial Statements and the Company&#8217;s Management Report were prepared by the Board of Officers, audited by PricewaterhouseCoopers Auditores Independentes and approved by the Company&#8217;s Board of Directors, in accordance with the favorable statements of the Audit Committee and Fiscal Council, at meetings held on February 9, 2022. The aforementioned manifestations are available at the same electronic addresses referred to herein.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Other information and the managers&#8217; comments on the Company&#8217;s financial situation in accordance with Section 10 of the Reference Form and with ICVM 481 are included in this Proposal under the terms of Exhibit II.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(2) To resolve on the allocation of net income for the fiscal year ended December 31, 2021 and the distribution of dividends.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In the fiscal year ended December 31, 2021, as evidenced in the Company&#8217;s Financial Statements, audited by PricewaterhouseCoopers Auditores Independentes, a net income of BRL 8,626,386,669.48 (eight billion, six hundred and twenty-six million, three hundred and eighty-six thousand, six hundred and sixty-nine reais and forty-eight cents) was accrued.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Company&#8217;s management proposes to allocate the net income for the year ended December 31, 2021, pursuant to the resolution of the Board of Directors&#8217; Meeting, held on March 23, 2022, being attributed: <b style="font-weight:bold;">(i) </b>to the <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Legal Reserve</u>, the amount of BRL 235,018,591.97 (two hundred and thirty-five million, eighteen thousand, five hundred and ninety-one reais and ninety-seven cents), pursuant to paragraphs 1 and 2 of article 193 of the Brazilian Corporations Law; and <b style="font-weight:bold;">(ii) </b>to<b style="font-weight:bold;"> </b>the <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tax Incentive Reserve,</u> the amount of BRL 812,908,608.06 (eight hundred and twelve million, nine hundred and eight thousand, six hundred and eight reais and six cents), pursuant to article 195-A of the Brazilian Corporations Law; </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">From the adjusted net income, it is proposed <b style="font-weight:bold;">(i) </b>as distribution of <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">dividends,</u> the amount of BRL1,800,000,000.00 (one billion and eight hundred million reais), as described below, including the amounts of dividends distributed in advance, pursuant to the resolution of the Board of Directors&#8217; Meeting, held on January 7, 2022; <b style="font-weight:bold;">(ii) </b>allocation to the <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Capital Increase Reserve,</u> the amount of BRL1,793,664,040.91 (one billion, seven hundred and ninety-three million, six hundred and sixty-four thousand, forty reais and ninety-one cents), pursuant to item &#8220;d&#8221; of article 26 of the Bylaws; and <b style="font-weight:bold;">(iii) </b>allocation to the <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Special Statutory Reserve</u>, the amount of BRL 199,296,004.55 (one hundred and ninety-nine million, two hundred and ninety-six thousand, four reais and fifty-five cents), pursuant to item &quot;d&quot; of article 26 of the Bylaws.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Management proposes the distribution of dividends in the total amount of BRL1,800,000,000.00 (one billion, eight hundred million reais), as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a) </b>the amount of BRL 1,000,096,676.07 (one billion, ninety-six thousand, six hundred and seventy-six reais and seven cents) was declared and paid as anticipated dividends to the net income account for the year determined in the balance sheet drawn up at the end of the third quarter of 2021, resolved at the Company&#8217;s Board of Directors&#8217; Meeting, on January 7, 2022, which declared the amount of BRL 1,000,000,000.00 (one billion reais), and the additional amount of BRL 96,676.07 (ninety-six thousand, six hundred and seventy-six reais and seven cents), paid due to the variation in the stock ownership verified in January 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b) </b>the amount of BRL799,903,323.93 (seven hundred and ninety-nine million, nine hundred and three thousand, three hundred and twenty-three reais and ninety-three cents) to be declared at the AOEM, to be paid on May 13, 2022, in local currency, based on the stock ownership at the close of the trading session of B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o, on May 4, 2022, without adjustment or monetary restatement. The shares issued by the Company shall be traded &#8220;ex-dividends&#8221; as of May 5, 2022, inclusive.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></font><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">With respect to the holders of American Depositary Receipts &#8211; ADRs referenced to shares issued by the Company, and traded on the New York Stock Exchange &#8211; NYSE, the payment of dividends will be made in accordance with the bureaucratic procedures applicable by the depositary bank The Bank of New York Mellon.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">The Management proposes to you the allocation of net income for the fiscal year ended on February 28, 2021 pursuant to Exhibit III of this Management Proposal, in accordance with Annex 9-1-II of CVM Instruction 481.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(3) To define the number of members that will compose the Board of Directors and resolve on the election of its members.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">According to art. 12 of the Company&#8217;s Bylaws, the Board of Directors is composed of 5 (five) to 10 (ten) members, elected by the general meeting, which, among them, will designate the Chairman and up to two Vice-Chairmen.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Notwithstanding to the adoption of a separate election, as the case may be, the Company&#8217;s management proposes that the Board of Directors be composed of 9 (nine) effective members, all with a term of office of 2 (two) years, with the possibility of extending the term of office, with the possibility of extension until the investiture of the new members who may be elected as provided for in the Company&#8217;s Bylaws and in the Brazilian Corporations Law.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In compliance with the guidelines contained in the Circular/Annual Letter &#8211; 2022 &#8211; CVM/SEP (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Circular Letter</u>&#8221;), the Company clarifies that, once the number of members that will compose the Suzano Board of Directors has been defined, as above, &#8220;<i style="font-style:italic;">the shareholders may be urged to express whether they wish to proceed with the multiple vote system, if this has already been requested under the law, or to adopt the separate vote, thus giving up the multiple vote request, without prejudice to, if applicable, both procedures being adopted&#8221;</i>.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Company also clarifies that, pursuant to the guidelines contained in the same Circular Letter, if the AGM &#8220;<i style="font-style:italic;">adopts the system of multiple voting combined with a separate voting request, the election of directors in accordance with the latter system must be prior to the election by multiple vote, since only after carrying out the separate vote will it be possible to identify the number of remaining seats and, thus, calculate the coefficient of the multiple vote&#8221;</i>.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In addition to the clarifications above, the Company highlights below specific guidelines applicable to the separate voting and multiple voting systems that must also be observed by the Company&#8217;s shareholders, if applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Separate Voting</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-style:italic;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Article 141, &#167;4 and 5, of the Brazilian Corporations Law guarantees the right to elect, in a separate vote, 1 (one) member of the Board of Directors to the holders of at least 10% of the Company&#8217;s shares (excluding controlling shareholders).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">We clarify, however, that, under the terms of article 141, &#167;6 of the Brazilian Corporations Law, only those shareholders who prove the uninterrupted ownership of the required shareholding during the period of 3 (three) months, at least, immediately prior to the AOEM may take part in the voting.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In this sense, the shareholder who wishes to request the adoption or participate in the separate election of a member of the Board of Directors, (i) in case of attendance on the AOEM day through the electronic platform to be made available by the Company, must submit to the Company, together with the other </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">documents required for their participation in the meeting, proof of uninterrupted ownership of the shares, issued by the competent entity not before April 19, 2022, i.e., up to 4 (four) business days before the AOEM date; or (ii) in case of participation by means of a remote voting ballot sent directly to the Company, proof of uninterrupted ownership of the shareholding, issued by the competent entity not before April 19, 2022, provided that such evidence will only be considered valid if received at the electronic addresses referred to herein until 8:00 am on April 25, 2022; and (iii) <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">in case of participation by means of a remote voting ballot sent to the Bookkeeper or the Custodian,</u> according to the Circular Letter, the presentation of documents proving the uninterrupted ownership of the shareholding will be waived.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">For further instructions on voting procedures and participation in the AOEM, including, but not limited to, access to the aforementioned digital platform, please consult the Shareholder&#8217;s Manual submitted to the CVM on this date, through the Periodic Information System (IPE) and which are available to shareholders at the Company&#8217;s headquarters, on its investor relations website (www.suzano.com.br/ri), as well as on the websites of CVM (www.cvm.gov.br) and B3 (http://www.b3.com.br ).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-style:italic;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Multiple Vote</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">We remind you that, pursuant to CVM Instruction No. 165, of December 11, 1991, as amended, the minimum percentage of participation in the Company&#8217;s voting capital required to request a multiple vote is 5% (five percent).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The request for said multiple voting process for the election of members of the Board of Directors must be sent in writing to the Company up to 48 (forty-eight) hours before the date set for the AOEM hereby convened, or requested in the form of the remote vote.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In multiple voting procedures, each share will have as many votes as there are positions to be filled, and the shareholder may concentrate them on one candidate or distribute them among several candidates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-style:italic;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Nominated Candidates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">If the composition of the Board of Directors is decided as proposed by the Management, it proposes, for the majority election, that the slate composed of the 9 (nine) candidates indicated below be elected.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:83.98%;" align="center"><tr><td style="vertical-align:top;width:62.29%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Candidate</b></p></td><td style="vertical-align:top;width:37.7%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Office</b></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">David Feffer</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Chairman</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Daniel Feffer</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Vice-Chairman</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Nildemar Secches</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Vice-Chairman</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Ana Paula Pessoa</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Independent Director</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Gabriela Feffer Moll</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Director</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Maria Priscila Rodini Vansetti Machado</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Independent Director</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Paulo Rogerio Caffarelli</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Independent Director</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Paulo Sergio Kakinoff</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Independent Director</font></p></td></tr><tr><td style="vertical-align:top;width:62.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Rodrigo Calvo Galindo</font></p></td><td style="vertical-align:top;width:37.7%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Independent Director</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Following the established internal governance rules, the candidates proposed to compose the Company&#8217;s Board of Directors were presented and approved by Suzano&#8217;s Nomination and Compensation Committee, responsible for evaluating and nominating for election, including the independent members of the Board of Directors, in this sense, having been considered independent under the terms of the applicable legislation, Messrs. Rodrigo Calvo Galindo, Paulo Rogerio Caffarelli and Paulo Sergio Kakinoff and Mrs. Ana Paula Pessoa, Maria Priscila Rodini Vansetti Machado. For the purposes of the provisions of article 17 of the Novo Mercado Regulation, the Company&#8217;s Board of Directors ratifies the classification, as independent members, of the candidates Messrs. Rodrigo Calvo Galindo, Paulo Rogerio Caffarelli and Paulo Sergio Kakinoff and Mrs. Ana Paula Pessoa and Maria Priscila Rodini Vansetti Machado, carried out by the Nomination and Compensation Committee.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Also, as provided in item 3.1.1. of the Company&#8217;s Nomination Policy, and in compliance with the best corporate governance practices, the candidate Mr. Paulo Rogerio Cafarelli is qualified as a </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">risk expert,</i><font style="font-family:'Times New Roman','Times','serif';"> in view of his proven experience in leadership and risk management and compliance positions.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">For more information on this matter, please see the document contained in Exhibt IV</i><font style="font-family:'Times New Roman','Times','serif';"> </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">of this Proposal, prepared pursuant to Section 12 of the Reference Form and ICVM 481.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(4) If the Company&#8217;s Fiscal Council is installed, define the number of members that will compose the Fiscal Council and resolve on the election of its members.</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">As provided for in Article 24 of the Company&#8217;s Bylaws, the Fiscal Council does not operate on a permanent basis and is only installed at the request of the shareholders, in accordance with applicable legislation. Once installed, the Fiscal Council is composed of 3 (three) to 5 (five) effective members and an equal number of alternates.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">According to the communication received by the Company, the controlling shareholders indicated, if installed at the request of the other shareholders, to participate in the election of the Fiscal Council, Messrs. Luiz Augusto Marques Paes, Rubens Barletta and Eraldo Soares Pe&#231;anha, as effective members, with Messrs. Roberto Figueiredo Mello, Luiz Gonzaga Ramos Schubert and Kurt Janos Toth as alternates.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The term of office of the members of the Fiscal Council who are elected at the Annual Ordinary Shareholders&#8217; Meeting will remain in force until the Annual Ordinary Shareholders&#8217; Meeting that resolves on the financial statements for the fiscal year ending on December 31, 2022.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">For more information on this matter, please see the document contained in Item </i><i style="font-style:italic;">IV</i> <i style="font-style:italic;">of this Proposal, prepared pursuant to Section 12 of the Reference Form and ICVM 481.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(5) To set the global annual compensation of the Company&#8217;s managers and the Fiscal Council, if installed.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">It is proposed that the Company&#8217;s Shareholders together at the Annual General Meeting, pursuant to article 152 of the Brazilian Corporations Law, approve the annual global amount of up to BRL 140,117,247.21 (one hundred and forty million, one hundred and seventeen thousand, two hundred and forty-seven reais and twenty-one cents) as compensation for the Management (Board of Directors - and participation in Committees by the members of the Board of Directors - and Board of Officers) and members of the Company&#8217;s Fiscal Council, if installed, subject to the provisions in the legislation in force and in the Company&#8217;s Bylaws.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The proposed amount comprises: (a) up to BRL 19,980,929.04 (nineteen million, nine hundred and eighty thousand, nine hundred and twenty-nine reais and four cents) corresponding to the fees of the members of the Board of Directors; (b) up to BRL 119,093,550.76 (one hundred and nineteen million, ninety-three thousand, five hundred and fifty reais and seventy-six cents) corresponding to the fixed and variable compensation of the members of the Statutory Executive Board of Officers; (c) BRL1,042,767.41 (one million, forty-two thousand, seven hundred sixty-seven reais and forty-one cents) corresponding to the fees of the Fiscal Council, (d) the corresponding amounts include benefits of any nature, and, (e) the corresponding amounts do not include the Company&#8217;s taxes and charges levied on the compensation, according to Circular Letter.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Considering the taxes and charges levied on the compensation, it is estimated that the total compensation may reach up to BRL 150,000,000.00 (one hundred and fifty million reais), comprising: (a) up to approximately BRL 23,790,732.39 (twenty-three million, seven hundred and ninety thousand, seven hundred and thirty-two reais and thirty-nine cents) corresponding to the fees of the members of the Board of Directors and participation in Committees of the members of the Board of Directors; (b) up to approximately BRL 124,957,946.71 (one hundred and twenty-four million, nine hundred and fifty-seven thousand, nine hundred and forty-six reais and seventy-one cents) corresponding to the fixed and variable compensation of the members of the Statutory Executive Board of Officers; and (c) up to approximately BRL1,251,320.89 (one million, two hundred and fifty-one thousand, three hundred and twenty reais and eighty-nine cents) corresponding to the fees of the Fiscal Council.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The variable compensation to which the members of the Company&#8217;s Statutory Executive Board of Officers may be entitled corresponds to short-term incentive plans as a form of reward for achieving goals that support the Company&#8217;s short-term strategy and long-term incentives, which, for through mechanisms</font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;"> </i><font style="font-family:'Times New Roman','Times','serif';">of Phantom Shares,</font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;"> </i><font style="font-family:'Times New Roman','Times','serif';">SAR (Share Appreciation Rights) and Performance Shares, which reward executives for achieving results that support the Company&#8216;s medium and long-term strategic objectives, through the appreciation of their shares. Both tranches of variable compensation work to align executives with shareholders&#8217; objectives and the Company&#8217;s sustainability.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Both the fixed and variable compensation of the members of the Statutory Executive Board of Officers are established, in accordance with market standards, through research conducted by renowned consulting firms specialized in the subject and are detailed in </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Exhibt</i><font style="font-family:'Times New Roman','Times','serif';">V of this Proposal, pursuant to Section 13 of the Reference Form and ICVM 481. Therefore, the payment of the variable compensation is conditioned and proportional to the partial or total fulfillment of the pre-established goals, and may even not be due, in the event that the goals in question are not achieved.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><a name="_Hlk35107109"></a><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The compensation of the Company&#8217;s Management aims to make the managers&#8217; alignment with the shareholders&#8217; objectives and with the Company&#8217;s strategy and sustainability compatible, at the same time as it seeks to adequately compensate such executives and maintain and recognize high-performance professionals, with adequate skills and market experience and encouraging a meritocratic culture. To this end, it seeks to balance the responsibilities of the managers, the time dedicated to the functions, the competence, the professional reputation and the value of their services in the market with the fees proposed and evaluated by the Compensation Committee.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">It should be noted that the global annual amount proposed above refers to an estimate of the maximum total amount that may be spent by the Company with the compensation of its managers (including the installments of compensation and eventual benefits) in the period between the months of January and December 2022 in line with the period covered by the Reference Form (financial year) referred to in ICVM 481.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">As an estimate, even if based on criteria, projections of the value of the shares and values known at the time of its determination (e.g. amount of the fixed compensation), such proposed annual global amount is subject to unpredictable or not yet definitive circumstances on the date of its approval, notably as a result of the following events: (i) the appreciation (or devaluation) of the price of shares issued by the Company, impacting the share-based compensation portion; and (ii) the eventual dismissal of members of the statutory board of officers with the corresponding payment of the amounts resulting from the dismissals.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">In this sense, the Company had in the fiscal year of 2021 a global expenditure with the compensation of the Management (Board of Directors and Executive Board of Officers) in the amount of BRL 109,839,260.40 (one hundred and nine million, eight hundred and thirty-nine thousand, two hundred and sixty reais and forty cents) versus the global amount of BRL 150,000,000.00 (one hundred and fifty million reais) approved at the Annual Shareholders&#8217; Meeting of 2021 for such fiscal year, therefore representing BRL 40,160,739.60 (forty million, one hundred and sixty thousand, seven hundred and thirty-nine reais and sixty cents) less than originally approved.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><a name="_Hlk35107161"></a>Considering the above issues, in particular the aforementioned unforeseeable or non-definitive circumstances, as well as the change in the compensation strategy adopted for the Board of Directors and reflected for the 12 months in 2022 that, following the best market practices for compensation of Directors with full dedication and also considering the responsibilities attributed by their participation in Advisory Committees, extinguished the payment of variable compensation for members of the Board of Directors, </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">the Company proposes to maintain the global annual amount of compensation that may be attributed to the Management of the Company at the same level as that approved for the 2021 fiscal year - without any increase, therefore -, thus translating into a clear commitment by the Company to continuously offer its shareholders and the market in general scenarios that are as close as possible to reality of the Company and its expected performance and of its managers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">For more information on this matter, see the document contained in Exhibt V</i><font style="font-family:'Times New Roman','Times','serif';"> </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">of this Proposal, pursuant to Section 13 of the Reference Form and ICVM 481.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">(6) To resolve on the form of Indemnity Agreement to be entered into between the Company and certain beneficiaries;</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;background:#ffff00;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In compliance with CVM Guidance Opinion No. 38, of September 25, 2018 (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">PO 38/18</u>&#8221;), which recommends the adoption of rules and procedures that mitigate the risks of conflict of interest inherent in the execution of indemnity agreements between the Company and its members of the Board of Directors, of the Statutory Executive Board of Officers, of the Advisory Committees to the Board of Directors and external members of the Statutory Audit Committee, the Company&#8217;s management proposes the approval of the general terms and conditions referred to in the form of indemnity agreement, contained in the form of Exhibit VI to this Proposal (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Indemnity Agreement</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Thus, upon approval of the matter, the Company&#8217;s management must comply with the terms set forth in the form submitted to the Shareholders&#8217; Meeting for consideration in any eventual execution of indemnity agreements with its managers and other beneficiaries to be defined by the management, in the interests of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">For more information on this matter, see the document in Exhibits </i><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">VI</i><font style="font-family:'Times New Roman','Times','serif';"> and </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">VII</i><font style="font-family:'Times New Roman','Times','serif';"> </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">of this Proposal, with the information recommended by PO 38/18.</i></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;font-style:italic;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Additional Information and Where to Find It</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The documents provided for in the Brazilian Corporations Law and in ICVM 481 were presented to the CVM on the present date, through the Periodic Information System (IPE) and are available to shareholders at the Company&#8217;s headquarters, on its Investor Relations&#8217; website (</font><font style="font-family:'Times New Roman','Times','serif';">www.suzano.com.br/ri</font><font style="font-family:'Times New Roman','Times','serif';">), as well as on the CVM (</font><font style="font-family:'Times New Roman','Times','serif';">www.cvm.gov.br</font><font style="font-family:'Times New Roman','Times','serif';">) and B3 (</font><font style="font-family:'Times New Roman','Times','serif';">http://www.b3.com.br</font><font style="font-family:'Times New Roman','Times','serif';">) websites.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Reinforcing its commitment to sustainability, Suzano informs that the main policies and positions on the topic of sustainability are available at the Company&#8217;s Indicators Center, among which the recently-launched Policy on Climate Change stands out. The Company also annually discloses its non-financial information based on internationally recognized reporting frameworks, such as Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI). In 2022, seeking to respond to the interest expressed in voting guidance policies issued by large global funds, Suzano </font><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">anticipated </font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;">the publication of such information, </font><font style="font-family:'Times New Roman','Times','serif';">through the &#8220;TCFD Information&#8221; and &#8220;SASB and GRI Indicators&#8221; sections, which can be accessed through the link: </font><font style="font-family:'Times New Roman','Times','serif';">https://centraldeindicadores.suzano.com.br/outras-informacoes/</font><font style="font-family:'Times New Roman','Times','serif';">. The full content on the main events related to the topic, which took place in 2021, will be released in early May 2022, with the publication of the Annual Sustainability Report and the New Sustainability Center.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Marcelo Feriozzi Bacci</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Chief Financial and Investor Relations Officer</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:-10.55pt;width:429pt;z-index:251666432;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:-4.55pt;width:427.5pt;z-index:251668480;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0.07%;max-width:99.93%;position:absolute;top:16.35pt;width:427.5pt;z-index:251670528;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0.07%;max-width:99.93%;position:absolute;top:22.35pt;width:429pt;z-index:251672576;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">II.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038213"></a><a name="_Toc97210205"></a><a name="_Toc67081027"></a><a name="_Toc67036341"></a><a name="_Toc35936827"></a><a name="_Toc37862353"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;"> Comments from Officers (Section 10 - CVM Instruction No. 480/09)</b><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc67036186"></a><a name="_Toc67036193"></a><a name="_Toc67036200"></a><a name="_Toc67036284"></a><a name="_Toc67036291"></a><a name="_Toc67036342"></a><a name="_Toc67036352"></a><a name="_Toc67036416"></a><a name="_Toc67036343"></a></b></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.1</font><a name="_Toc99038214"></a><a name="_Toc97210206"></a><a name="_Toc97209899"></a><a name="_Toc97209775"></a><b style="font-size:11pt;font-weight:bold;">General financial and equity conditions</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s consolidated annual information, which is presented throughout item 10 of the Reference Form, was prepared in accordance with the rules of the Brazilian Securities and Exchange Commission (CVM) and the Accounting Pronouncements Committee (<i style="font-style:italic;">Comit&#234; de Pronunciamentos Cont&#225;beis - </i>CPC) and is in compliance with International Accounting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The unaudited intermediate and consolidated financial information of the Company, which is also presented in the entire item 10 of the Reference Form, was prepared in accordance with IAS 34 - Intermediate Financial Statements issued by the IASB and with accounting practices adopted in Brazil for intermediate financial statements. (Technical Pronouncement - CPC 21 - &#8220;Intermediate Financial Information&#8221;). The data contained in this document were obtained from the financial information made available to the CVM. The Company also informs that the information contained in section 10 of the Reference Form was prepared in millions of reais and the balances may differ due to rounding used to maintain the consistency of the document.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">a)</font><a name="_Toc99038215"></a><a name="_Toc97210207"></a><a name="_Toc97209900"></a><a name="_Toc97209776"></a><b style="font-size:11pt;font-weight:bold;">general financial and equity conditions</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Executive Board understands that the Company has sufficient financial and equity conditions to meet its short and medium term obligations. The Company has focused its efforts in obtaining finding lines with longer terms and more competitive costs.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended December 31, 2021, 2020 and 2019, the Company recorded, respectively, a net income of BRL8,635.5 million, a loss of BRL10,714.9 million and a loss of BRL2,814.8 million. The variations in the Company&#39;s results in 2021 are mainly due to the positive variation of BRL16,738.3 million in the net financial result and to the operating result of BRL9,736.8. This effect was partially offset by the Income Tax and Social Contribution of BRL7,124.6 million due to the profit for the year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Adjusted EBITDA in the twelve-month period ended December 31, 2021 was BRL23,471 million, in 2020 it was BRL14,949.5 million and in 2019 it was BRL10,723.6 million. Cash generation, measured by EBITDA, in the twelve-month period ended December 31, 2021 mainly reflects: (a) increase in pulp and paper prices; (b) the appreciation of the Dollar against the Real; and (c) stability of sales volume.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s net equity for the fiscal year ended December 31, 2021 was BRL15,175.1 million, on December 31, 2020 it was BRL7,337.4 million and on December 31, 2019 it was BRL18,088 million. The variation was mainly due to the net income for the year of BRL8,635.5.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As of December 31, 2021, the Company had cash and cash equivalents and financial investments of BRL21,349.1 million, in 2020 it was BRL9,231.9 million and in 2019 it was BRL9,579.5 million. As of December 31, 2021, consolidated net debt totaled BRL58,280.0 million, as of December 31, 2020, BRL63,668.0 million and as of December 31, 2019, BRL54,104.9 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">During 2021, the Company reduced its net debt in US$ by 15% and concluded the post-merger deleveraging cycle, ending the fiscal year with leverage of 2.4x in US$, measured by net debt/Adjusted EBITDA for the last twelve months. As of December 31, 2020, the index was 4.3x in US dollars. The improvement in the year-on-year comparison was due to higher EBITDA and lower net debt, as a result of the strong cash generation in the year. The significant drop in indebtedness associated with the increase in the liquidity position further strengthens Suzano&#39;s solid balance sheet for the new investment cycle related to the Cerrado Project, approved by the Board of Directors in October.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Adjusted EBITDA, in turn, was calculated considering Earnings Before Interest, Taxes, Depreciation and Amortization, less adjustments for non-recurring items, as detailed in item 3.2 of the Reference Form.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038216"></a><a name="_Toc97210208"></a><a name="_Toc97209901"></a><a name="_Toc97209777"></a><b style="font-size:11pt;font-weight:bold;">capital structure</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The percentage of capital composed of own capital (Net equity divided by Total Liabilities) was 12.8% in 2021, 7.2% on December 31, 2020, 18.5% on December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The percentage of capital composed of third-party capital (Demandable Liabilities divided by Total Liabilities) was 87.2% in 2020, 92.8% on December 31, 2019, 81.5% on December 31, 2018.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:101.56%;"><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="6" style="vertical-align:top;width:63.98%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Consolidated</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">(amounts expressed in millions of reais)</p><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">On December 31 of</b></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">AV-%</b></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.94%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">AV-%</b></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">AV-%</b></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">(1)</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2020</b></p></td><td style="vertical-align:top;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">(1)</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2019</b></p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">(1)</p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;">Third-parties&#8217; capital (current and non-current liabilities)</p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">103,800.0</p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">87%</p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">94,463.4</p></td><td style="vertical-align:top;width:10.94%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">93%</p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">79,820.3</p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">82%</p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;">Own Capital (net equity)</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">15,175.1</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">13%</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">7,337.4</p></td><td style="vertical-align:top;width:10.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">7%</p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">18,088.0</p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">18%</p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Total Capital (third-party capital + own capital)</b></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">118,975.1</b></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">100%</b></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">101,800.8</b></p></td><td style="vertical-align:top;width:10.94%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">100%</b></p></td><td style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">97,908.2</b></p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">100%</b></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.94%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;">Vertical analisys (1)</p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.94%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;">It includes the balance of liabilities realted to non-current assets</p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:10.94%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:center;margin:0pt;">-</p></td><td colspan="2" style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:34.41%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:8pt;text-align:justify;margin:0pt;">Maintained for the sale (2)</p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.94%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-size:8pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">There is no provision in the Company&#39;s Bylaws for the redemption of shares.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Historically, the Company has financed its operations from a combination of resources arising from: (i) its operating activities; (ii) investments by its shareholders; and (iii) loans and financing contracted with the financial market.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc99038217"></a><a name="_Toc97210209"></a><a name="_Toc97209902"></a><a name="_Toc97209778"></a><b style="font-size:11pt;font-weight:bold;">Payment capacity in relation to financial commitments assumed</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s fundraising and cash management policy is guided by the concept of &#8220;liquidity horizon&#8221;, which provides the measure of time during which available cash resources, added to operating cash generation and funds from financing contracted and undisbursed, estimated under unfavorable market conditions, are capable of supporting the payment of all obligations contracted for the period, including all amortizations of principal and interest on short-term financing. The available cash balance as of December 31, 2021 is capable of supporting the next three years of long-term debt, as shown in the amortization chart in item 10.1(f) below. For maturities above these periods, we must consider an estimate of operating cash generation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Based on the above, the Executive Board is committed to maintaining the Company&#39;s economic-financial balance, and for this, it relies on existing resources, operating cash generation, access to capital markets and financing at competitive costs, in addition to of several alternatives analyzed by the Company whenever necessary. The Company&#39;s officers believe that the operating cash flow, added to cash and cash equivalents, are sufficient to meet the financial commitments contracted.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the twelve-month period ended December 31, 2021, and in the fiscal years ended December 31, 2020 and 2019, the Company fully complied with its commitments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">d)</font><a name="_Toc99038218"></a><a name="_Toc97210210"></a><a name="_Toc97209903"></a><a name="_Toc97209779"></a><b style="font-size:11pt;font-weight:bold;">sources of financing for working capital and investments in non-current assets used</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company raises funds, when necessary, through financial contracts, which are used to finance the Company&#39;s working capital needs and short- and medium-term investments, as well as to maintain cash and cash equivalents at a level that the Company believes be appropriate for the performance of its activities. The Company&#39;s financing and loans are detailed in item &#8220;10. 1.f.&#8221; below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Working capital financing, as shown in the Financing and Loans table below, was carried out via export financing operations, which allow the matching of the flows of export receipts with the flows of payments of these financings, bringing as an additional advantage the protection of export receivables against exchange rate risk, and through <i style="font-style:italic;">forfaiting operations </i>and letter of credit discounts, when appropriate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For project financing, the Company contracted loans from Development Banks and other project-oriented financing institutions that offer competitive conditions, including principal and interest payment terms compatible with the flows of returns from the projects, in order to avoid its implementation puts pressure on the Company&#39;s capacity to pay.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company also used, as financing alternatives, the issuance of senior notes (bonds), such as the placement of debt securities in the international market, and debentures and agribusiness receivables certificates (<i style="font-style:italic;">Certificados de Receb&#237;veis do Agroneg&#243;cio</i> - CRAs), as the placement of debt securities in the domestic market.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">e)</font><a name="_Toc99038219"></a><a name="_Toc97210211"></a><a name="_Toc97209904"></a><a name="_Toc97209780"></a><b style="font-size:11pt;font-weight:bold;">sources of financing for working capital and for investments in non-current assets that it intends to use to cover liquidity deficiencies</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company has a high level of liquidity and consistent internal cash generation, which, together with access to the capital markets, as indicated in items &#8220;10. 1.a.&#8221; and &#8220;10.1.b.&#8221;, are sufficient to equate satisfactorily meet its short- and medium-term commitments. If there are any mismatches between cash and amounts maturing in the short term, the Company may contract new lines of credit for working capital and investments, and these lines of credit will be treated on a case-by-case basis. The sources of financing used by the Company for working capital and for short- and long-term investments are indicated in items &#8220;10.1.d&#8221; and &#8220;10.1.f&#8221;.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">f)</font><a name="_Toc99038220"></a><a name="_Toc97210212"></a><a name="_Toc97209905"></a><a name="_Toc97209781"></a><b style="font-size:11pt;font-weight:bold;">Indebtedness levels and the characteristics of such debts</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(i)</font><b style="font-weight:bold;">relevant loan and financing agreements</b></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s consolidated financing and loans as of December 31, 2021, and in the fiscal years ended December 31, 2020 and 2019, had the following sources (in thousands of Reais):</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">FINANCING AND LOANS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:102.34%;"><tr style="height:10.9pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="6" style="vertical-align:top;width:26.71%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">Consolidated</b></p></td></tr><tr style="height:10.9pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt;"><font style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:middle;width:20.08%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">Indexer</b></p></td><td colspan="2" style="vertical-align:middle;width:11.55%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">Average Annual interest rate on 12/31/2021</b></p></td><td colspan="2" style="vertical-align:middle;width:9.94%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">Maturities</b></p></td><td colspan="2" style="vertical-align:middle;width:8.92%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">12/31/2021</b></p></td><td colspan="2" style="vertical-align:middle;width:9.84%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">12/31/2020</b></p></td><td colspan="2" style="vertical-align:middle;width:7.93%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 0pt 8pt 0pt;"><b style="font-weight:bold;">12/31/2019</b></p></td></tr><tr style="height:10.9pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="font-size:11pt;"><a name="_Hlk98454382"></a></font>Asset:</p></td><td colspan="2" style="vertical-align:top;width:20.08%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:11.55%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.94%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:8.92%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:7.93%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:12.55pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"> <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) - Finem <sup style="font-size:4.5pt;vertical-align:top;">(a)/(b)</sup></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">Fixed rate/TJLP/TLP/SELIC</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">7.45%</p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2022 a 2040</p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">1,980,986</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">3,322,347</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 3,174,077</font></p></td></tr><tr style="height:9.4pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"> <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) - Finem<sup style="font-size:4.5pt;vertical-align:top;"> (b)</sup></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 10.65pt;">Coin basket/US$</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">4.81%</p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">2023</p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">26,351</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">26,992</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 53,927</font></p></td></tr><tr style="height:9.4pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"> <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) - Finame <sup style="font-size:4.5pt;vertical-align:top;">(a)</sup></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;text-align:center;margin:0pt 1.8pt 0pt 0pt;">Fixed rate/TJLP/SELIC</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 20.05pt;">-</p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 18.35pt;">-</p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">-</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 14,345</font></p></td></tr><tr style="height:9.4pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> FNE - BNB</font><sup style="font-size:4.5pt;vertical-align:top;"> (b)</sup></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 49.05pt;">Fixed rate</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 20.05pt;">-</p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 18.35pt;">-</p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">-</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 194,719</font></p></td></tr><tr style="height:9.5pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> FDCO / FINEP</font><sup style="font-size:4.5pt;vertical-align:top;"> (b)</sup></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 49.05pt;">Fixed rate</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 20.05pt;">-</p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 18.35pt;">-</p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">-</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 552,501</font></p></td></tr><tr style="height:8.3pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> Financial leasing</font></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 49.45pt;">CDI/US$</p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">-</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td></tr><tr style="height:8.05pt;"><td style="vertical-align:top;width:30.75%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> Import financing / ECA</font></p></td><td colspan="2" style="vertical-align:top;width:20.08%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 45.65pt;">US$<i style="font-style:italic;">/Libor</i></p></td><td colspan="2" style="vertical-align:top;width:11.55%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:8.92%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">-</p></td><td colspan="2" style="vertical-align:top;width:7.93%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td></tr><tr style="height:26.15pt;"><td colspan="2" style="vertical-align:bottom;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">Working capital:</p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.15%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">2,007,337</p></td><td colspan="2" style="vertical-align:top;width:9.84%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;">3,349,339</p></td><td colspan="2" style="vertical-align:top;width:7.72%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 3,989,569</font></p></td></tr><tr style="height:10.65pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> Export financing (e)</font></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 45.65pt;">US$/<i style="font-style:italic;">Libor</i></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">2.75%</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2022 a 2027</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">20,128,018</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 21,510,062</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 18,816,626</font></p></td></tr><tr style="height:16.7pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> Export credit note and Agribusiness Receivables Certificates</font><sup style="font-size:4.5pt;vertical-align:top;"> (f)</sup></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 43.95pt;">CDI / IPCA</p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">10.95%</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2022 a 2026</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">4,565,064</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 4,347,912</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 7,215,368</font></p></td></tr><tr style="height:9.5pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> Senior Notes</font><sup style="font-size:4.5pt;vertical-align:top;"> (d)</sup></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 35.4pt;">US$/Fixed rate</p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">4.99%</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2025 a 2047</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">47,225,060</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 38,011,600</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 28,015,850</font></p></td></tr><tr style="height:9.05pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> Credit rights fund </font></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 49.05pt;">Fixed rate</p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 20.05pt;">-</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 18.35pt;">-</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">-</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> -</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> -</font></p></td></tr><tr style="height:9.35pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> Rural Producer Credit</font><sup style="font-size:4.5pt;vertical-align:top;"> (g)</sup></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 63.1pt;">CDI</p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">10.57%</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2025 a 2026</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">281,187</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 276,316</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 279,143</font></p></td></tr><tr style="height:9.4pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> Debentures</font><sup style="font-size:4.5pt;vertical-align:top;"> (c)</sup></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 63.1pt;">CDI</p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">10.71%</p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;">2025 a 2028</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">5,440,068</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 5,422,651</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 5,422,032</font></p></td></tr><tr style="height:9.5pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;margin:0pt;"><font style="white-space:pre-wrap;"> Others</font><sup style="font-size:4.5pt;vertical-align:top;"> (h)</sup></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;"><font style="font-size:6pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 12.35pt;">2022</p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 0.45pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(18,105)</u></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.15pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"> (17,998)</u></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 0.45pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"> (54,262)</u></p></td></tr><tr style="height:13pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 0.85pt;">77,621,292</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 2.55pt;"><font style="white-space:pre-wrap;"> 69,550,543</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 0.45pt;"><font style="white-space:pre-wrap;"> 59,694,757</font></p></td></tr><tr style="height:16pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">79,628,629</u></p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"> 72,899,882</u></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"> 63,684,326</u></p></td></tr><tr style="height:14.5pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><b style="font-weight:bold;">Current portion (includes interest payable)</b></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">3,655,537</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 2,043,386</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 6,227,951</font></p></td></tr><tr style="height:10.8pt;"><td colspan="2" style="vertical-align:top;width:32.57%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><b style="font-weight:bold;">Non-current portion</b></p></td><td colspan="2" style="vertical-align:top;width:19.5%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:10.21%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:9.15%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;">75,973,092</p></td><td colspan="2" style="vertical-align:top;width:9.84%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt 0pt 0pt 1.7pt;"><font style="white-space:pre-wrap;"> 70,856,496</font></p></td><td colspan="2" style="vertical-align:top;width:7.72%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:6pt;line-height:1.27;margin:0pt;"><font style="white-space:pre-wrap;"> 57,456,375</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">a)</font>If the Long-Term Interest Rate (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">TJLP</u>&#8221;) exceeds 6% per year, the excess portion is included within the principal and subject to interest. Transactions subject to the Long-Term Rate (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">TLP</u>&#8221;) are composed of the IPCA and a fixed interest rate from <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font>Loans and financing are secured, depending on the contract, by (i) factory mortgages; rural properties; (iii) chattel mortgage of the asset being financed; (iv) shareholder guarantee; and (v) bank guarantee.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">c)</font>On June 29, 2018, the Company carried out the 6<sup style="font-size:7.5pt;vertical-align:top;">th</sup> issue of debentures not convertible into shares, of the unsecured type, in the amount of BRL 4,681,100,000.00, with interest corresponding to 112.50% of the DI rate, with the payment of the unit par value occurring in two installments, the first due on June 30, 2025 and the second on June 29, 2026. On September 15, 2019, the Company carried out the 8th issue of debentures non-convertible into shares, of the unsecured type, in the amount of BRL 750,000,000.00, with compensatory interest corresponding to 100% of the DI rate plus 1.20%, with semi-annual payments, and payment of the unit face value in a single installment due on September 15, 2028.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In March 2017, Suzano Austria issued <i style="font-style:italic;">Senior Notes </i>in the amount of US$ 300 million due on March 16, 2047, with semi-annual interest payments of 7.00% per year and a final return to investors of 7.38% per year. Additionally, in the last quarter of 2017, Suzano, through its subsidiary Suzano Trading, repurchased <i style="font-style:italic;">Senior Notes </i>in the amount of US$ 456 million and, through Suzano Austria, reopened the issues of <i style="font-style:italic;">Senior </i></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Notes </i>in the amounts of (i) US$ 200 million, maturing on July 14, 2026, and interest corresponding to 4.62% per year, to be paid semi-annually, in the months of January and July, and (ii) US$ 200 million maturing on March 16, 2047, with interest corresponding to 6.30% per year, to be paid semi-annually in March and September. In September 2018, there was a new issue of <i style="font-style:italic;">Senior Notes,</i> in the amount of US$ 1.0 billion, with interest of 6.00% per year and due in 2029. In November 2018, Suzano Austria reopened the issue of <i style="font-style:italic;">Senior Notes </i>due on March 16, 2047 in the amount of US$ 500 million, with interest corresponding to 6.85% per year, to be paid semi-annually in March and September. In February 2019, Suzano Austria reopened the September 2018 issue, with a fixed interest rate of 6.00% per year, in the amount of US$ 750 million, maturing in 2029. In May 2019, Suzano Austria reopened the March 2017 issuance in the amount of US$ 250 million due in 2047 and payment of semiannual interest of 7.00% per year and issued <i style="font-style:italic;">Senior Notes </i>in the amount of US$ 1 billion due in January 2030, payment of interest semesters of 5.00% per year. In September 2020, Suzano Austria issued <i style="font-style:italic;">Global Notes </i>in the amount of US$ 750 million due in 2031 and paying interest of 3.75% per year until January 15, 2021, and 4.00% per year. from July 16, 2026. In November 2020, Suzano Austria reopened the <i style="font-style:italic;">Global Notes </i>due in 2031, issued two months earlier, in the amount of U$500 million and the same contractual conditions described above. On July 1, 2021, Suzano Austria issued <i style="font-style:italic;">Senior</i> <i style="font-style:italic;">Notes </i>in the amount of US$1 billion due January 15, 2032, with semi-annual interest payments of 3.125% per year and a final return to investors of 3.280% per year. On September 8, 2021, Suzano Austria issued <i style="font-style:italic;">Senior Notes </i>in the amount of US$500 million maturing on September 15, 2028, with semi-annual interest payments of 2.50% per year and a final return to investors of 2, 70% per year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">d)</font>In December 2018, the Company, through its subsidiary Suzano Europa, contracted a syndicated loan in the amount of US$ 2,300 million, contracted in March 2018, with quarterly interest payments and principal amortization between December 2022 and December 2023. In June 2019, the Company, through its subsidiaries Fibria Overseas Finance and Suzano International Trade, contracted a syndicated loan in the amount of US$750 million with quarterly interest payments and principal amortization between March 2024 and June 2025. On February 14, 2020, the Company, through its wholly-owned subsidiaries Suzano Pulp and Paper Europe S.A., Suzano Austria GmbH and Fibria Overseas Finance Ltd., entered into a syndicated export prepayment agreement in the amount of US$ 850 million, with quarterly interest payments due in February 2026. On April 2, 2020, the Company, through its subsidiary Suzano Pulp and Paper Europe S.A., withdrew US$ 500 million with quarterly interest payments and principal amortization in February 2024, but in August of the same year, settled the amount related to this contract. On February 10, 2021, the Company, through its subsidiary Suzano Europa, contracted a syndicated loan linked to sustainability, in the amount of US$1,570 million, with quarterly interest payments and principal amortization between March 2015 and March 2027.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">e)</font>In the third quarter of 2018, two Export Credit Notes were contracted with Banco Safra S.A., totaling BRL 1.3 billion, indexed to CDI, with interest of 0.08% per month, amortization of principal and interest on June 25, 2025 and June 25, 2026, maturing in 2026. Regarding Agribusiness Receivables Certificates, Fibria&#39;s open positions at the end of 2019 due to the merger of the companies were included.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">f)</font>In the third quarter of 2018, a Financial Rural Producer Certificate was contracted with Banco Safra S.A., with a volume of BRL 275 million, indexed to the CDI, with interest of 0.08% per month, amortization of principal and interests on December 28, 2018 and August 28, 2025 and with maturity in 2026.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">g)</font>It mostly refers to the &#8220;added value&#8221; in relation to the Company&#39;s business combination with Fibria, in 2020.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">h)</font>On November 18, 2021, the Company raised from <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) the amount of BRL200 million indexed by the TLP, plus fixed interest of 1.77% per year, maturing in November 2034.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><i style="font-style:italic;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Other Financial Agreements</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Between 2018 and 2019, the Company contracted swap transaction notes with Banco Bradesco S.A., with a total volume of BRL 5.3 billion, with interest of 96% and 112.5 of the CDI and maturing on January 14, 2022, September 22, 2022, June 22, 2023, December 14, 2023 and June 29, 2026.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On June 6, 2018, the Company entered into an agreement with Banco BNP Paribas Brasil S.A. for derivative operations, in the amount of BRL980 million, bearing interest of 4.05% per year and maturing on February 13, 2023.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On August 10, 13, 16, 20, 2018 and February 20, 2020 and February 22, 2021, the Company signed with Banco Credit Agricole Brasil S.A. contracts for derivative operations, in the total volume of BRL 3.3 billion, with interest of 4.075% per year, 4.069% per year, 4.062% per year and 4.057% per year, 2.488%, 2.35% and maturities on January 2, 2024, February 13, 2026 and March 8, 2027.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Between February and June 2019 and in February 2021, the Company entered into contracts with Banco JP Morgan S.A. for derivative operations, in the total volume of BRL1.3 billion, with an interest rate of 3.25%, 2, 89%, 2.33% and 2.52% per year with maturities between February and June 2024 and March 2027.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On May 03, 06 and 07, 2019, the Company signed contracts with Banco MUFG Brasil S.A. for derivative operations, in the total volume of BRL 270 million, with an interest rate of 95.95%, 95.5% and 96.3% of CDI and maturities on June 22 and August 14, 2023.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On August 10, 13, 16, 20, 2018, the Company entered into contracts with Banco Morgan Stanley S.A. for derivative operations, in the total volume of BRL 2.5 billion, with interest of 4.069% per year, 4.057 % per year, 4.066% per year and 4.054% per year and maturity on January 2, 2024.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On July 31 and August 31, 2018, the Company entered into contracts with Banco Safra S.A. for derivative operations, in the total volume of BRL1.5 billion, with interest of 5.705% per year and 5.60% year and due on July 31 and August 28, 2026.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Between 2018, 2019 and 2020, the Company signed contracts with Banco Santander (Brasil) S.A. for derivative operations, in the total volume of BRL 2 billion, with an interest rate of 96% of the CDI, and interest between 3.20% per year and 4.074% per year and maturities between January 2022 and June 2025.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Between 2018 and 2019, the Company entered into contracts with Banco Ita&#250; Unibanco S.A. for derivative operations, in the total volume of BRL4.6 billion, with an interest rate of 97.38% of the CDI, and interest between 3.34% per year and 5.79% per year and maturities between January 2022 and July 2025.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038221"></a><a name="_Toc97210213"></a><a name="_Toc97209906"></a><a name="_Toc97209782"></a></font><font style="color:#000000;">Amortizations</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The amortization schedule of the financial obligations in effect on December 31, 2021, as well as the exposure of the Company&#39;s indebtedness by indexes, is presented below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;margin:0pt;"><img src="tmb-20220408xex99d1009.jpg" alt="Gr&aacute;fico&#10;&#10;Descri&ccedil;&atilde;o gerada automaticamente" style="display:inline-block;height:209.35pt;left:0%;padding-bottom:0.65pt;position:relative;top:0pt;width:425.2pt;"></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.88%;"><tr><td style="vertical-align:top;width:50%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Portuguese</b></p></td><td style="vertical-align:top;width:50%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><b style="font-weight:bold;">English</b></p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Caixa F&#237;sico</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Cash on Hand</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Linhas <i style="font-style:italic;">Stand-by</i></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Stand-by facilities</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Liquidez</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Liquidity</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">D&#237;vida</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Debt</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">2027 em diante</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">2027 and on</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038222"></a><a name="_Toc97210214"></a><a name="_Toc97209907"></a><a name="_Toc97209783"></a></font><font style="color:#000000;">Exposure by Instruments and Indicators on December 31, 2021</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="color:#000000;font-size:11pt;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"> <font style="font-size:12pt;"><img src="tmb-20220408xex99d1010.jpg" alt="Gr&aacute;fico&#10;&#10;Descri&ccedil;&atilde;o gerada automaticamente" style="display:inline-block;height:223.35pt;left:0%;padding-bottom:0.15pt;position:relative;top:0pt;width:425.2pt;"></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.88%;"><tr><td style="vertical-align:top;width:50%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Portuguese</b></p></td><td style="vertical-align:top;width:50%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><b style="font-weight:bold;">English</b></p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Exposi&#231;&#227;o por Instrumento</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Exposure by instrument</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Financiamento de exporta&#231;&#227;o</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Export financing</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Deb&#234;nture</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Debenture</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Fixa</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Fixed</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.88%;"><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Outros</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Other</p></td></tr><tr><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Exposi&#231;&#227;o por Indicador</p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 5.15pt 0pt 5.15pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Exposure by Indicator</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(ii)</font><b style="font-weight:bold;">other long-term relationships with financial institutions</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Although there are no other debt-related contracts besides the one described above, the Company maintains commercial relations with the main financial agents in the market, aiming at prompt access to credit lines for eventual demands for working capital and investment financing.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">(iii)</font><a name="_Toc99038223"></a><a name="_Toc97210215"></a><a name="_Toc97209908"></a><a name="_Toc97209784"></a><b style="font-size:11pt;font-weight:bold;">degree of subordination between debts</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As of December 31, 2021 and December 31, 2020 and 2019, the Company&#39;s indebtedness consisted of secured debt and unsecured debt, with no contractual subordination clause. Thus, in any universal contest of creditors, the subordination between the obligations recorded in the financial statements will take place in the following order, in accordance with Law No. 11,101, of February 9, 2005, as amended: (i) labor claims; (ii) credits with security interest (<i style="font-style:italic;">garantia real</i>) up to the limit of the value of the recorded asset; (iii) tax credits; (iv) credits with special privileges as provided for in Law No. 11,101/2005; (v) credits with general privilege as provided for in Law No. 11,101/2005; (vi) unsecured credits; (vii) fines and pecuniary penalties; and (viii) subordinated credits.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;padding-left:0.05pt;text-align:justify;text-indent:-0.05pt;"><font style="display:inline-block;font-size:11pt;min-width:28.4pt;text-indent:0pt;white-space:nowrap;">(iv)</font><a name="_Toc99038224"></a><a name="_Toc97210216"></a><a name="_Toc97209909"></a><a name="_Toc97209785"></a><b style="font-size:11pt;font-weight:bold;">any restrictions imposed on the Company, in particular, in relation to indebtedness limits and contracting of new debts, the distribution of dividends, the disposal of assets, the issuance of new securities and the disposal of corporate control, as well as whether the issuer has been complying with these restrictions.</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company has no financial covenants in its current financing contracts. In certain financing contracts there are clauses of non-financial covenants, including, but not limited to, restrictions on disposal of control. These clauses essentially provide for the maximum level of assignment of receivables, guarantees to third parties and sale of operating assets, which are also in compliance.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Additionally, the Company has financial agreements with <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES), in which there are certain restrictions and specific obligations, such as (i) prior consent from <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) for merger, spin-off, dissolution, incorporation, reduction or closing of capital or change in effective control, direct or indirect, of the Company, or any other corporate restructuring process involving the Company; (ii) inclusion of <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) in corporate agreements, articles of association, or corporate agreement of a provision that results in restriction or impairment to the ability to pay the financial obligations assumed by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company, in the normal course of its operations, has observed all applicable contractual provisions and states that it is in compliance with all obligations assumed in its financial contracts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">g)</font><a name="_Toc99038225"></a><a name="_Toc97210217"></a><a name="_Toc97209910"></a><a name="_Toc97209786"></a><b style="font-size:11pt;font-weight:bold;">Limits of contracted financing and percentages already used</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As of December 31, 2021, there were two contracts in force with balances pending disbursement and usage limits. Below are the contracts:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:-28.6pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:5.4pt;padding-right:3.15pt;padding-top:0.6pt;width:112.48%;"><tr style="height:21.1pt;"><td rowspan="2" style="color:#ffffff;vertical-align:middle;width:15.55%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 2.1pt;"><b style="font-weight:bold;">Financial Agent </b></p></td><td rowspan="2" style="color:#ffffff;vertical-align:middle;width:10.92%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 1.2pt;"><b style="font-weight:bold;">Agreement </b></p></td><td rowspan="2" style="color:#ffffff;vertical-align:middle;width:10.11%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 1.1pt;"><b style="font-weight:bold;">Financing </b></p></td><td rowspan="2" style="color:#ffffff;vertical-align:middle;width:8.56%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 1.45pt;"><b style="font-weight:bold;">Indexer </b></p></td><td rowspan="2" style="color:#ffffff;vertical-align:top;width:8.79%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.17;text-align:center;margin:0pt 0pt 0.05pt 0pt;"><b style="font-weight:bold;">Interest Rate: </b></p><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 2.3pt;"><b style="font-weight:bold;">(%p.a.) </b></p></td><td rowspan="2" style="color:#ffffff;vertical-align:middle;width:11.83%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;padding-left:7.8pt;text-indent:-7.8pt;margin:0pt 0pt 0pt 7.89pt;"><b style="font-weight:bold;">Maturity Date </b></p></td><td colspan="2" style="color:#ffffff;vertical-align:middle;width:17.65%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;text-align:center;margin:0pt 0.6pt 0pt 0.45pt;"><b style="font-weight:bold;">Disbursements made</b></p></td><td colspan="2" style="color:#ffffff;vertical-align:middle;width:16.56%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 0.6pt;"><b style="font-weight:bold;">Available Balance </b></p></td></tr><tr style="height:10.8pt;"><td style="display:none;vertical-align:middle;width:15.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="display:none;vertical-align:middle;width:10.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="display:none;vertical-align:middle;width:10.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="display:none;vertical-align:middle;width:8.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="display:none;vertical-align:middle;width:8.79%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="display:none;vertical-align:middle;width:11.83%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"></td><td style="color:#ffffff;vertical-align:top;width:8.63%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 0.85pt;"><b style="font-weight:bold;">Amount </b></p></td><td style="color:#ffffff;vertical-align:top;width:9.01%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;text-align:center;margin:0pt 2.35pt 0pt 0pt;"><b style="font-weight:bold;">% </b></p></td><td style="color:#ffffff;vertical-align:top;width:8.29%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt;"><b style="font-weight:bold;">Amount </b></p></td><td style="color:#ffffff;vertical-align:top;width:8.26%;background:#203965;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 2.9pt 0pt 5.15pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;text-align:center;margin:0pt 2.3pt 0pt 0pt;"><b style="font-weight:bold;">% </b></p></td></tr><tr style="height:31.55pt;"><td style="vertical-align:middle;width:15.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.55pt 0pt 0pt;"><i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) </p></td><td style="vertical-align:middle;width:10.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0.3pt 0pt 0.15pt;">Credit Limit </p></td><td style="vertical-align:middle;width:10.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt;">BRL 706 million </p></td><td style="vertical-align:middle;width:8.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.4pt 0pt 0pt;">TLP </p></td><td style="vertical-align:middle;width:8.79%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 2.4pt;">IPCA + </p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.5pt 0pt 0pt;">3.6 % </p></td><td style="vertical-align:middle;width:11.83%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.35pt 0pt 0pt;">11/16/2034 </p></td><td style="vertical-align:middle;width:8.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;padding-left:2.15pt;text-indent:-2.15pt;margin:0pt 0pt 0pt 0.59pt;">BRL 600 million </p></td><td style="vertical-align:middle;width:9.01%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 2.75pt;">84.99%</p></td><td style="vertical-align:middle;width:8.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.65pt 0pt 0pt;">BRL 106 million </p></td><td style="vertical-align:middle;width:8.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0pt 0pt 1.55pt;">15.01% </p></td></tr><tr style="height:31.55pt;"><td style="vertical-align:middle;width:15.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.55pt 0pt 0pt;"><i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES) </p></td><td style="vertical-align:middle;width:10.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 0.3pt 0pt 0.15pt;">Credit Limit </p></td><td style="vertical-align:middle;width:10.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;padding-left:0.95pt;text-indent:-0.95pt;margin:0pt 0pt 0pt 5.65pt;">BRL 432 million </p></td><td style="vertical-align:middle;width:8.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.15pt 0pt 0pt;">SELIC </p></td><td style="vertical-align:middle;width:8.79%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt;">SELIC + </p><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.4pt 0pt 0pt;">1.96 % </p></td><td style="vertical-align:middle;width:11.83%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.4pt 0pt 0pt;">02/15/2040 </p></td><td style="vertical-align:middle;width:8.63%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;padding-left:0.95pt;text-indent:-0.95pt;margin:0pt 0pt 0pt 1.8pt;">BRL 432 million </p></td><td style="vertical-align:middle;width:9.01%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.5pt 0pt 0pt;">100% </p></td><td style="vertical-align:middle;width:8.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.5pt 0pt 0pt;">- </p></td><td style="vertical-align:middle;width:8.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0.6pt 3pt 0pt 5.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:9pt;line-height:1.27;margin:0pt 2.5pt 0pt 0pt;">- </p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;text-indent:-21.3pt;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">h)</font><a name="_Toc99038226"></a><a name="_Toc97210218"></a><a name="_Toc97209911"></a><a name="_Toc97209787"></a><b style="font-size:11pt;font-weight:bold;">significant changes in each item of the financial statements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><i style="font-style:italic;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Basis of preparation and presentation</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-style:italic;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038227"></a><a name="_Toc97210219"></a><a name="_Toc97209912"></a><a name="_Toc97209788"></a></b>Comparative Analysis of Consolidated Results</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:-49.65pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:113.09%;"><tr style="height:1pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><a name="_Toc99038228"></a><a name="_Toc97210220"></a><a name="_Toc97209913"></a><a name="_Toc97209789"></a><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;width:8.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.96%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.96%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.96%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td><td style="vertical-align:bottom;width:8.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"></div></div></td></tr><tr style="height:10.25pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><font style="font-size:6.75pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="7" style="vertical-align:top;width:62.8%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">Consolidated</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.75pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:9.25pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><font style="font-size:6.75pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="7" style="vertical-align:top;width:62.8%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="font-family:'Arial MT';">(amounts expressed in millions of reais)</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.75pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:5.85pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><font style="font-size:6.75pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="7" style="vertical-align:top;width:62.8%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">On December 31,</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.75pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:6.7pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:justify;margin:0pt;"><font style="font-size:6.75pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:right;margin:0pt 2.9pt 0pt 0pt;"><b style="font-weight:bold;letter-spacing:-0.25pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2021</b></p></td><td style="vertical-align:bottom;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;text-align:center;margin:0pt 0pt 0pt 0.75pt;"><font style="color:#006fc0;font-family:'Arial MT';">AV%</font><sup style="color:#006fc0;font-family:'Arial MT';font-size:6pt;vertical-align:top;">(1)</sup></p></td><td style="vertical-align:bottom;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:right;margin:0pt 1.15pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:19.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2020</b></p></td><td style="vertical-align:bottom;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 0pt 0pt 2.6pt;"><font style="color:#006fc0;font-family:'Arial MT';">AV-%</font></p></td><td style="vertical-align:bottom;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:right;margin:0pt 0pt 0pt 2.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">Variation %</font></p></td><td style="vertical-align:bottom;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:right;margin:0pt 1.15pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:19.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2019</b></p></td><td style="vertical-align:bottom;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">AV%</font></p></td><td style="vertical-align:bottom;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">Variation %</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.05pt;">SALES GROSS REVENUE</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">48.479,8</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">118%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">35.663,7</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">117,1%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">35,9%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">31.395,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">120,7%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">13,6% </font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Deductions from sales</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(7.514,4)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-18%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(5.203,5)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-17,1%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">44,4%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(5.383,0)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-20,7%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-3,3%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.05pt;">NET REVENUE</b></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">49.965,4</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">100%</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">30.460,2</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">100,0%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">34,5%</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">26.012,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">100,0%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">17,1%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><font style="font-family:'Arial MT';">Costs of products sold</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(20.615,6)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-50%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(18.966,3)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-62,3%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">8,7%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(20.743,4)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-79,7%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-8,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">GROSS PROFIT</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">20.349,8</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">50%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">11.493,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">37,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">77,0%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">5.269,4</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">20,3%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">118,1%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">OPERATING REVENUES (EXPENSES)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Sales</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(2.291,7)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-6%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(2.174,6)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-7,1%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">5,4%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(1.905,2)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-7,3%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">14,1%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">General and Administrative</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(1.577,9)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(1.443,2)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">9,3%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(1.173,3)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,5%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">23,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Result of equity equivalency</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">51,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">36,1</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">43,8%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">31,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">13,2%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Other, net</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">1.648,0</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">4%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">531,1</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">210,3%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">405,7</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,6%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">30,9%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.15pt;">OPERATING RESULT BEFORE FINANCIAL RESULT</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(18.180,1)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">44%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">8.443,3</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">27,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">115,3%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">2.628,5</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">10,1%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">221,2%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;letter-spacing:-0.15pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.15pt;">FINANCIAL RESULT</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Expenses</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(9.619,8)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-23%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(26.412,9)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-86,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-63,6%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(7.218,9)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-27,8%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">265,9%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Revenue</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">272,6</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">327,5</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,1%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-16,8%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">493,2</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,9%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-33,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.15pt;">RESULT BEFORE INCOME TAX AND SOCIAL CONTRIBUTION</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">8.832,9</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">22%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(17.642,1)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-57,9%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-150,1%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(4.097,2)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-15,8%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">330,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;letter-spacing:-0.15pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Income tax and social contribution</font></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(197,4)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">6.927,2</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">22,7%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-102,8%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">1.282,4</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,9%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">440,2%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:justify;margin:0.4pt 57.7pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.15pt;">PROFIT (LOSS) OF THE FISCAL YEAR</b></p></td><td style="vertical-align:top;width:8.97%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">8.635,5</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">21%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(10.714,9)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-35,2%</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-180,6%</font></p></td><td style="vertical-align:top;width:8.96%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(2.814,8)</b></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-10,8%</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">280,7%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.22%;margin:0pt;padding:0pt;"><div style="margin-top:0.4pt;"></div><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Arial MT';font-size:8pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">(1)</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Arial MT';font-size:8pt;font-style:normal;font-weight:normal;letter-spacing:-0.15pt;">Representation in relation to Net Revenue</font></div><div style="width:57.7pt;display:table-cell;"></div></div></div></td><td style="vertical-align:top;width:8.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.96%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:center;text-indent:-0.5pt;margin:0pt 0.25pt 0.94pt 0pt;">Comparative Analysis of Consolidated Results - Twelve-month periods ended December 31, 2021 and 2020</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038229"></a><a name="_Toc97210221"></a><a name="_Toc97209914"></a><a name="_Toc97209790"></a></font><font style="color:#000000;">Net Revenue</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s net revenue in the twelve-month period ended December 31, 2021 was BRL40,965.4 million, 34.5% higher than the net revenue recorded in the twelve-month period ended December 31, 2020, of BRL 30,460.3 million, as a result of (i) 33% increase in pulp sales price in US dollars, (ii) 11% increase in US dollar sales price of paper, and (iii) currency exchange depreciation Real x Dollar in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from pulp sales in the twelve-month period ended December 31, 2021 totaled BRL34,715.2 million, 35.7% higher than the revenue presented in the twelve-month period ended </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">December 31, 2020, as a result of (i) the 33% increase in the pulp sales price in US dollars, and (ii) the depreciation of the Real x Dollar exchange rate in the period in question. Revenue from pulp represented 84.0% of total revenue for the twelve-month period ended December 31, 2020, compared to 84.7% for the twelve-month period ended December 31, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Pulp revenue from exports was BRL32,376.4 million in the twelve-month period ended December 31, 2021, 35.1% higher than pulp exports in the twelve-month period ended December 31, 2020, as a result of (i) a 32% increase in pulp sales price in US dollars; and (ii) depreciation of the Real x Dollar exchange rate in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net international pulp price in the twelve-month period ended December 31, 2021 increased 32%, from US$463/ton in the twelve-month period ended December 31, 2020 to US$613/ton in 2021. In the domestic market, the average net price of pulp increased 43.5%, from BRL2,046/ton in the twelve-month period ended December 31, 2020 to BRL2,936/ton in the same period in 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from paper sales in the twelve-month period ended December 31, 2021 totaled BRL6,250.2 million, 28.0% higher than the same period of the previous year. Of this revenue, 66.0% came from sales in the domestic market and 34.0% from the foreign market. Net revenue from the domestic market increased by 30.4% compared to the twelve-month period ended December 31, 2020, mainly impacted by the increase in prices, the depreciation of the Real x Dollar currency in the period and the increase in sales volume (+17.4%).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average international net price of paper in the twelve-month period ended December 31, 2021 was US$933/ton, 18% higher than the price in the same period in 2020. In the domestic market, the average price recorded was BRL 4,746/ton in the twelve-month period ended December 31, 2021, 13% above the price for the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038230"></a><a name="_Toc97210222"></a><a name="_Toc97209915"></a><a name="_Toc97209791"></a></font><font style="color:#000000;">Cost of Goods Sold (&#8220;COGS</font><i style="color:#000000;font-style:italic;">&#8221;)</i><i style="color:#000000;font-style:italic;"> </i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s cost of goods sold in the twelve-month period ended December 31, 2021 totaled BRL20,615.6 million, 8.7% higher than the BRL18,966.3 million recorded in the same period in 2020, due to mainly, the inflationary pressure related to the increase in commodity prices, increase of BRL 268.9 million in depreciation, amortization and depletion, and depreciation of the real against the US dollar. This gain was partially offset by the reduction in sales volume in the twelve-month period ended December 31, 2021 when compared to the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038231"></a><a name="_Toc97210223"></a><a name="_Toc97209916"></a><a name="_Toc97209792"></a></font><font style="color:#000000;">Gross profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the reasons explained above, gross profit in the twelve-month period ended December 31, 2021 was BRL20,349.8 million, 77.0% higher than the gross profit for the same period in 2020, of BRL11,493.9 million. Suzano&#39;s gross margin increased from 37.7% in the twelve-month period ended December 31, 2020, to 49.7% for the same period in 2021, due to the reasons explained above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038232"></a><a name="_Toc97210224"></a><a name="_Toc97209917"></a><a name="_Toc97209793"></a></font><font style="color:#000000;">Selling and Administrative Expenses</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s selling expenses totaled BRL2,291.7 million in the twelve-month period ended December 31, 2021, 5.4% higher than the amount recorded in the same period in 2020, of BRL2,174.7 million. The variation can be explained by the increase in logistics expenses of BRL80.0 million due to the depreciation of the Real against the US dollar, in addition to the increase in commodities, an increase of BRL20.3 million related to depreciation, amortization and depletion, and an increase in personnel expenses in the amount of BRL13.4 million in the twelve-month period ended December 31, 2021 when compared to the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s general and administrative expenses totaled BRL1,577.9 million in the twelve-month period ended December 31, 2021, 9.3% higher than the amount recorded in the same period in 2020 of BRL1,443.2 million. The variation can be explained by the increase in personnel expenses in the amount of BRL 54.2 million, expenses with donations of BRL 25.0 million related to COVID-19, in addition to an increase of BRL 24.6 related to depreciation, amortization and depletion in the twelve-month period ended December 31, 2021 when compared to the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038233"></a><a name="_Toc97210225"></a><a name="_Toc97209918"></a><a name="_Toc97209794"></a></font><font style="color:#000000;">Other Operating Expenses/Revenues</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s other net operating expenses/revenues totaled BRL1,443.2 million in revenue in the twelve-month period ended December 31, 2021, compared to revenue of BRL531.2 million in the same period in 2020. The variation of the balance refers mainly to the gain excluding ICMS from the PIS/COFINS base in the amount of BRL441.9 million, a gain not observed in 2020, a gain of BRL405.7 million from the sale of properties, equipment and biological asset, in addition to the fair value adjustment of the biological asset, which was BRL299.5 million higher in the twelve-month period ended December 31, 2021, compared to the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038234"></a><a name="_Toc97210226"></a><a name="_Toc97209919"></a><a name="_Toc97209795"></a></font><font style="color:#000000;">Net Financial Result</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The net financial result was a negative BRL9,346.5 million in the twelve-month period ended December 31, 2021, compared to a negative result of BRL26,085.5 million in the same period in 2020. This result mainly reflects a decrease expense with derivative financial instruments by BRL7,826 million and a decrease in expenses with monetary and exchange variations of BRL8,730.1 million. The exchange rate variation on the balance sheet exposure between the opening of January 2021 and the closing of December 2021 contributed to this result, with an accounting impact on the debt in foreign currency, but with a cash effect only on maturities or amortizations of debt.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038235"></a><a name="_Toc97210227"></a><a name="_Toc97209920"></a><a name="_Toc97209796"></a></font><font style="color:#000000;">Income tax and social contribution on profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s income tax and social contribution for the twelve-month period ended December 31, 2021 was debtor of BRL197.4 million, compared to a credit of BRL6,297.2 million in the same period in 2020. The increase arises from earnings before income tax as a result of the strong operating result in the period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038236"></a><a name="_Toc97210228"></a><a name="_Toc97209921"></a><a name="_Toc97209797"></a></font><font style="color:#000000;">Net Profit (Loss)</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the above reasons, Suzano recorded a net income of BRL8,635.5 million in the twelve-month period ended December 31, 2021, compared to a net loss of BRL10,714.9 million recorded in the same period of the previous year. This result was impacted by the facts mentioned above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038237"></a><a name="_Toc97210229"></a><a name="_Toc97209922"></a><a name="_Toc97209798"></a></b>Comparative Analysis of Consolidated Results - Twelve-month periods ended December 31, 2020 and 2019</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038238"></a><a name="_Toc97210230"></a><a name="_Toc97209923"></a><a name="_Toc97209799"></a></font><font style="color:#000000;">Net Revenue</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s net revenue for the twelve-month period ended December 31, 2020 was BRL30,460.3 million, 17.1% higher than the net revenue recorded for the twelve-month period ended December 31, 2019, of BRL 26,013.0 million, as a result of (i) the 12% increase in sales volume, and (ii) the depreciation of the Real x Dollar exchange rate in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from pulp sales in the twelve-month period ended December 31, 2020 totaled BRL25,578.3 million, 21.6% higher than the revenue presented in the twelve-month period ended December 31, 2019, as a result of (i) the 15% increase in sales volume, and (ii) the depreciation of the Real x Dollar exchange rate in the period in question. Revenue from Pulp represented 80.8% of total revenue for the twelve-month period ended December 31, 2019, compared to 84.0% for the twelve-month period ended December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Pulp revenue from exports was BRL23,968.8 million in the twelve-month period ended December 31, 2020, 24.9% higher than pulp exports in the twelve-month period ended December 31, 2019, as a result of (i) the 17.0% increase in sales volume; and (ii) depreciation of the Real x Dollar exchange rate in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net international pulp price in the twelve-month period ended December 31, 2020 decreased by 18%, from US$567/ton in the twelve-month period ended December 31, 2019 to US$463/ton in 2020. In the domestic market, the average net price of pulp decreased by 7%, from BRL2,207.0/ton in the twelve-month period ended December 31, 2019 to BRL2,046.0/ton in the same period in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from paper sales in the twelve-month period ended December 31, 2020 totaled BRL4,882.0 million, 2.1% lower than the same period of the previous year. Of this revenue, 68.8% came from sales in the domestic market and 31.2% from the foreign market. Net revenue from the domestic market decreased by 3.5% compared to the twelve-month period ended December 31, 2019, mainly impacted by the 6% lower sales volume due to the global scenario of COVID-19.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average international net price of paper in the twelve-month period ended December 31, 2020 was US$788.0/ton, 16.7% lower than the price in the same period in 2019. In the domestic market, the average price recorded was BRL4,188.2/ton in the twelve-month period ended December 31, 2020, 2.7% above the price for the same period in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038239"></a><a name="_Toc97210231"></a><a name="_Toc97209924"></a><a name="_Toc97209800"></a></font><font style="color:#000000;">Cost of Goods Sold (&#8220;COGS</font><i style="color:#000000;font-style:italic;">&#8221;)</i><i style="color:#000000;font-style:italic;"> </i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s cost of goods sold in the twelve-month period ended December 31, 2020 totaled BRL18,966.3 million, 8.6% lower than the BRL20,743.5 million recorded in the same period in </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">2019, due to mainly to an 85% decrease in the amortization of surplus value of inventories, resulting from the business combination with Fibria, in the amount of BRL2,409.1 million in the twelve-month period ended December 31, 2019. This gain was partially offset for operating expenses to combat COVID-19 of BRL95.0 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038240"></a><a name="_Toc97210232"></a><a name="_Toc97209925"></a><a name="_Toc97209801"></a></font><font style="color:#000000;">Gross profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the reasons explained above, gross profit in the twelve-month period ended December 31, 2020 was BRL11,493.9 million, 118.1% higher than the gross profit for the same period in 2019, of BRL5,269.5 million. Suzano&#39;s gross margin increased from 20.3% in the twelve-month period ended December 31, 2019, to 37.7% for the same period in 2020, due to the reasons explained above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038241"></a><a name="_Toc97210233"></a><a name="_Toc97209926"></a><a name="_Toc97209802"></a></font><font style="color:#000000;">Sales and Administrative Expenses</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s selling expenses totaled BRL2,174.7 million in the twelve-month period ended December 31, 2020, 14.1% higher than the amount recorded in the same period in 2019, of BRL1,905.3 million. The variation can be explained by the increase in logistics expenses of BRL 234.5 million, which was impacted by the higher sales volume in the period in addition to the depreciation of the Real x Dollar exchange rate in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s general and administrative expenses totaled BRL1,443.2 million in the twelve-month period ended December 31, 2020, 23.0% higher than the amount recorded in the same period in 2019 of BRL1,173.4 million. The variation can be explained by the increase in personnel expenses in the amount of BRL219.8 million, in addition to spending on donations of BRL48.6 million and additional operating expenses of BRL41.1 million, both related to COVID-19.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038242"></a><a name="_Toc97210234"></a><a name="_Toc97209927"></a><a name="_Toc97209803"></a></font><font style="color:#000000;">Other Operating Expenses/Revenues</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s other net operating expenses/revenues totaled BRL531.2 million in revenue in the twelve-month period ended December 31, 2020, compared to revenue of BRL405.8 million in the same period in 2019. The variation of the balance mainly refers to the fair value adjustment of the biological asset, which was BRL281.1 million higher in the twelve-month period ended December 31, 2020, partially offset by a gain in the twelve-month period ended December 31, 2019 of BRL128.1 million referring to the exclusion of ICMS from the PIS/COFINS base, a gain not observed in 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038243"></a><a name="_Toc97210235"></a><a name="_Toc97209928"></a><a name="_Toc97209804"></a></font><font style="color:#000000;">Net Financial Result</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The net financial result was negative by BRL26,085.5 million in the twelve-month period ended December 31, 2020, compared to a negative result of BRL6,725.8 million in the same period in 2019. This result mainly reflects an increase expense with derivative financial instruments by BRL8,347.4 million and an increase in expenses with monetary and exchange variations of BRL10,566.1 million. The exchange rate variation on the balance sheet exposure between the opening of January 2020 and the closing of December 2020 contributed to this result, with an accounting impact on the debt in foreign currency, but with a cash effect only on maturities or amortizations of debt.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038244"></a><a name="_Toc97210236"></a><a name="_Toc97209929"></a><a name="_Toc97209805"></a></font><font style="color:#000000;">Income tax and social contribution on profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s income tax and social contribution for the twelve-month period ended December 31, 2020 was credited by BRL6,927.2 million, compared to a credit of BRL1,282.5 million in the same period in 2019. This increase is due to the increase in pre-tax loss as a result of a high financial loss in the period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038245"></a><a name="_Toc97210237"></a><a name="_Toc97209930"></a><a name="_Toc97209806"></a></font><font style="color:#000000;">Net Profit (Loss)</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the above reasons, Suzano recorded a net loss of BRL 10,714.9 million in the twelve-month period ended December 31, 2020, compared to a net loss of BRL 2,814.7 million recorded in the same period of the previous year. This result was impacted by the facts mentioned above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038246"></a><a name="_Toc97210238"></a><a name="_Toc97209931"></a><a name="_Toc97209807"></a></b>Comparative Analysis of Consolidated Results - Fiscal years ended on December 31, 2019 and 2018</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038247"></a><a name="_Toc97210239"></a><a name="_Toc97209932"></a><a name="_Toc97209808"></a></font><font style="color:#000000;">Net Revenue</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s net revenue in 2019 was BRL26,013.0 million, 93.6% higher than the net revenue recorded in 2018, of BRL13,437.3 million, as a result of (i) the increase in revenue as a result of the acquisition of Fibria, which presented net revenue of BRL18,264.5 million in 2018, and (ii) depreciation of the Real x Dollar exchange rate in the period in question. These effects were partially offset by the devaluation of the pulp list price in US dollars.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from pulp sales in 2019 totaled BRL21,027.7 million, 139.4% higher than the revenue presented in 2018, due to (i) the increase in revenue as a result of the acquisition of Fibria, which presented net revenue of BRL18,167.3 million in 2018, and (ii) depreciation of the Real x Dollar exchange rate in the period in question. These effects were partially offset by the devaluation of the pulp list price in US dollars. Revenue from Pulp represented 65.3% of total revenue in 2018, compared to 80.8% in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Pulp revenue from exports was BRL19,193.8 million in 2019, 138.8% higher than pulp exports in 2018, due to (i) an increase in revenue as a result of the acquisition of Fibria, which presented net revenue of BRL16,530.2 million in 2018, and (ii) depreciation of the Real x Dollar exchange rate in the period in question. These effects were partially offset by the devaluation of the pulp list price in US dollars. Export revenue represented 73.8% in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net international price of pulp in 2019 decreased by 24%, from US$746/ton in 2018 to US$567/ton in 2019. In the domestic market, the average net price of pulp decreased by 12%, from BRL2,498 /ton in 2018 to BRL 2,207/ton in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Net revenue from paper sales in 2019 totaled BRL4,985.3 million, 7.1% higher than the previous year. Of this revenue, 69.8% came from sales in the domestic market and 30.2% from the foreign market. The breakdown of Suzano&#39;s total revenue from paper sales in 2019 was 84.1% in South and Central America (including Brazil), 7.7% in North America and 8.2% in other regions. Net revenue from the domestic market increased by 5.4% compared to 2018, mainly impacted by the Brazilian macroeconomic scenario, and net revenue from exports increased by 11.2%, reflecting </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">the higher sales volume and due to the depreciation of the Real x Dollar exchange rate in the period in question.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average international net price of paper in 2019 was US$946/ton, 4% lower than the price in 2018. In the domestic market, the average price recorded was BRL4,078/ton in 2019, 8% above the price in 2018.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038248"></a><a name="_Toc97210240"></a><a name="_Toc97209933"></a><a name="_Toc97209809"></a></font><font style="color:#000000;">Cost of Goods Sold (&#8220;COGS</font><i style="color:#000000;font-style:italic;">&#8221;)</i><i style="color:#000000;font-style:italic;"> </i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s cost of goods sold in 2019 totaled BRL20,743.5 million, 199.8% higher than the BRL6,918.3 million recorded in 2018, mainly due to (i) the consolidation of Fibria, which had a cost of goods sold of BRL9,904.4 million in 2018; (ii) BRL2,844.7 million in amortization of the fair value adjustment related to the acquisition of Fibria and Facepa; (iii) increase in variable costs of BRL6,869.8 million; (iv) higher volume of stoppages and; (v) higher freight cost per ton.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038249"></a><a name="_Toc97210241"></a><a name="_Toc97209934"></a><a name="_Toc97209810"></a></font><font style="color:#000000;">Gross profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the reasons explained above and as a result of the consolidation of Fibria, which in 2018 presented a gross profit of BRL8,360 million, Suzano&#39;s gross profit was BRL5,269.5 million in 2019, 19.2% lower than the gross profit of 2018, of BRL6,519.0 million. Suzano&#39;s gross margin decreased from 48.5% in 2018 to 20.3% in 2019, mainly as a result of the reduction in the price of pulp in dollars.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038250"></a><a name="_Toc97210242"></a><a name="_Toc97209935"></a><a name="_Toc97209811"></a></font><font style="color:#000000;">Sales and Administrative Expenses</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#8217;s selling expenses totaled BRL 1,905.3 million in 2019, 218.2% higher than the amount recorded in 2018 of BRL 598.7 million, and the &#8220;selling expenses over net revenue&#8221; indicator was 7.3%. The variation can be explained by (i) the consolidation of Fibria, which in 2018 had a selling expense of BRL812.8 million, and (ii) BRL820.7 million referring to the amortization of the fair value adjustment of the acquisition of Fibria.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s administrative expenses totaled BRL 1,173.4 million in 2019, 42.2% higher than the amount recorded in 2018, of BRL 825.2 million. The indicator &#8220;administrative expenses over net revenue&#8221; was 4.5%. This variation is mainly due to (i) the consolidation of Fibria, which had a total of BRL392.1 million in general and administrative expenses in 2018, (ii) an increase of BRL172.9 million in personnel expenses, (iii)) an increase of BRL88.3 million in services and (iv) an increase of BRL95.6 million in other expenses that include corporate expenses, insurance, materials (use and consumption), social projects and donations, travel and accommodation in 2019 compared to the same period in 2018.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038251"></a><a name="_Toc97210243"></a><a name="_Toc97209936"></a><a name="_Toc97209812"></a></font><font style="color:#000000;">Other Operating Expenses/Revenues</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s other net operating expenses/revenues totaled BRL405.8 million in revenue in 2019, compared to an expense of BRL96.9 million in 2018. The variation in the balance mainly refers to (i) the increase in the amount of BRL314.6 million in the fair value adjustment of the biological asset due to the change in accounting practice, (ii) a gain of BRL87.0 million from the sale of legal credits (Eletrobras - Centrais El&#233;tricas Brasileiras S.A. credits) in the 2019, and (iii) in 2019 Suzano received favorable final legal decisions related to the claim for exclusion of ICMS from </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">the PIS and COFINS tax base, therefore in the fourth quarter of 2019, Suzano recorded an asset of BRL 128.1 million related to the PIS and COFINS credit, in the Recoverable Taxes account and a gain in the &#8220;Other operating results&#8221; account.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038252"></a><a name="_Toc97210244"></a><a name="_Toc97209937"></a><a name="_Toc97209813"></a></font><font style="color:#000000;">Net Financial Result</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The net financial result was negative by BRL6,725.8 million in 2019, compared to a negative result of BRL4,842.5 million in 2018. This result mainly reflects (a) an increase in interest on loans and financing of BRL2,325.3 million, due to the higher volume of funding already mentioned above, (b) increase in expenses with monetary and exchange variation in the amount of BRL898.3 million, due to the variation in the exchange rate on the balance sheet exposure between the opening and the closing of the year, with an accounting impact on the debt in foreign currency, but with a cash effect only on debt maturities or amortizations, (c) a decrease in the result of operations with derivatives in the amount of BRL1,659.9 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038253"></a><a name="_Toc97210245"></a><a name="_Toc97209938"></a><a name="_Toc97209814"></a></font><font style="color:#000000;">Income tax and social contribution on profit</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s income tax and social contribution in 2019 was a credit of BRL1,282.5 million, compared to a credit of BRL154.5 million in 2018. The increase is due to the increase in the loss before the tax.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038254"></a><a name="_Toc97210246"></a><a name="_Toc97209939"></a><a name="_Toc97209815"></a></font><font style="color:#000000;">Net Profit (Loss)</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the above reasons, Suzano recorded a net loss of BRL 2,814.7 million in 2019, compared to a net income of BRL 318.5 million recorded in the previous year. This result was impacted by the facts mentioned above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano&#39;s net income (loss) before taxes decreased by BRL4,260.4 million, from a gain of BRL163.2 million in 2018 to a loss of BRL4,097.2 million in the same period in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038255"></a><a name="_Toc97210256"></a><a name="_Toc97209949"></a><a name="_Toc97209825"></a></b>Comparative Analysis of the Consolidated Balance Sheets</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-indent:-49.65pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-indent:-49.65pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:-56.7pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:108.94%;"><tr style="height:15.2pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><font style="font-size:6.75pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="11" style="vertical-align:top;width:71.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">Consolidated</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(Amounts expressed in millions of reais)</b></p></td></tr><tr style="height:15.2pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><font style="font-size:6.75pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.44%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 2.9pt 0pt 0pt;"><b style="font-weight:bold;">December 31,</b></p></td><td style="vertical-align:top;width:4.27%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 0pt 0pt 0.75pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.75pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.5%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 1.15pt 0pt 0pt;"><b style="font-weight:bold;">December 31,</b></p></td><td style="vertical-align:top;width:4.58%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 0pt 0pt 2.6pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.75pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.97%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 0pt 0pt 2.2pt;"><b style="font-weight:bold;">December 31,</b></p></td><td style="vertical-align:top;width:5.95%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.75pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.67%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dec 31, 21 </u></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">vs. </u></p></td><td style="vertical-align:top;width:4.42%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.75pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:8.13%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Dec 31, 2020 vs. 2019</u></p></td><td style="vertical-align:top;width:0.54%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.75pt;text-align:center;margin:0pt 0.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6.75pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.2pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;margin:0pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;">ASSET</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:1pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;">CURRENT</b></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 2.9pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:31.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.25pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2021</b></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0pt 0pt 0.75pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:right;margin:0pt 1.15pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:31.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2020</b></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0pt 0pt 2.6pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;margin:0pt 0pt 0pt 2.2pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:31.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2019</b></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">dec</u><u style="font-family:'Arial MT';letter-spacing:-0.25pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">31,20</u></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.58pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">dec</u><u style="font-family:'Arial MT';letter-spacing:-0.4pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">31,19</u></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Cash</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">and</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">cash</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">equivalents</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">13.590,8</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">11,4%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.835,1</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,7%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.249,1</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 19.2pt;"><font style="font-family:'Arial MT';">6.755,7</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.95pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">98,8%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.9pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.585,9</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">110,4%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Marketable</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">securities</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">7.508,3</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">6.3%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.212,1</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,2%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.150,6</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.65pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 17.3pt;"><font style="font-family:'Arial MT';">5.296,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt -3.7pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">239,4%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 14pt;"><font style="font-family:'Arial MT';">(3.938,6)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-64,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Trade</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">accounts</font><font style="font-family:'Arial MT';letter-spacing:0.25pt;"> </font><font style="font-family:'Arial MT';">receivable</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.531,4</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">5.5%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.915,2</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,9%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.035,8</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,1%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.616,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">124%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(120,6)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Inventories</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.637,5</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">3.9%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.009,3</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,9%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.685,6</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,8%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">628,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">15,7%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(676,3)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-14,4%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Recoverable</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">taxes</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">360,7</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0.3%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">406,9</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">997,2</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,0%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">(46,2)</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt -3.7pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-11,3%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(590,4)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-59,2%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 57.7pt 0pt 0pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Derivative</font><font style="font-family:'Arial MT';letter-spacing:-0.2pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">financial</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">instruments</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">470,2</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">484,0</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">260,3</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">(13,8)</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-2,9%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.85pt 0pt 0pt;"><font style="font-family:'Arial MT';">223,8</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">86,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Advances</font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">to</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">suppliers</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">59,6</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">43,2</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">170,5</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">16,4</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">38,1%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(127,3)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-74,7%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Other</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">assets</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">6,6</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">7,6</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 0pt 0pt 2.2pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.25pt;"><font style="display:inline-block;text-indent:0pt;width:24.15pt;"><font style="font-family:'Arial MT';font-size:6pt;font-style:normal;font-weight:normal;"> </font></font><font style="font-family:'Arial MT';white-space:pre-wrap;">   </font><font style="font-family:'Arial MT';">(1,0)</font><font style="font-family:'Arial MT';"> </font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.95pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">-13,2%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.25pt;"><font style="display:inline-block;text-indent:0pt;width:24.2pt;"><font style="font-family:'Arial MT';font-size:6pt;font-style:normal;font-weight:normal;"> </font></font><font style="font-family:'Arial MT';white-space:pre-wrap;">    </font><font style="font-family:'Arial MT';">7,3</font><font style="font-family:'Arial MT';"> </font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-weight:bold;">937,8</b></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.5%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">731,4</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,7%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0pt 0pt 2.2pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:29.63pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">335,1</u></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0pt 0pt 2.2pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">206,4</u></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.95pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">28,2%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 0.85pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">396,3 </u></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">118,3%</font></p></td></tr><tr style="height:6.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:5.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-size:5.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.5%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0pt;"><font style="font-family:'Arial MT';">17.664,7</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:5.5pt;text-align:right;margin:0.4pt 0.55pt 0pt 0pt;"><font style="font-size:5.5pt;font-weight:bold;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:5.5pt;margin:0.4pt 0pt 0pt 0.25pt;"><font style="font-size:5.5pt;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.13%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:0.54%;border-bottom:1.5pt solid #008000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:6.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Assets held</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';">for</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">sale</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:5.9pt;text-align:right;margin:0pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:5.9pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.5%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0pt 1.05pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">313,3</u></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0pt 0pt 0pt 2.2pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:36.28pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">0,0</u></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">(313,3)</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.13%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0pt 0.85pt 0pt 0pt;"><font style="font-family:'Arial MT';">313,3</font></p></td><td style="vertical-align:top;width:0.54%;border-top:1.5pt solid #008000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:4pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">#DIV/0</font></p></td></tr><tr style="height:11.8pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;">Total</b><b style="font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-weight:bold;">current</b><b style="font-weight:bold;letter-spacing:-0.4pt;"> </b><b style="font-weight:bold;">asset</b></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><b style="font-weight:bold;">34.102,9</b></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.85pt;"><b style="color:#006fc0;font-weight:bold;">28,7%</b></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.08pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">17.958,0</b></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.6pt;"><b style="color:#006fc0;font-weight:bold;">17,6%</b></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 0pt 0pt 2.2pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.08pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">18.884,2</b></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 8.7pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">19,3%</b></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 0.25pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:13.98pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">16.144,9</b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.95pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">89,9%</b></p></td><td style="vertical-align:top;width:8.13%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 0.25pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.08pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>     </b><b style="font-weight:bold;letter-spacing:-0.05pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(926,2)</b></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.05pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">-4,9%</b></p></td></tr><tr style="height:19.75pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:4.34pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;">NON-CURRENT</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:1.04pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Marketable</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">securities</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:4.25pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:4.25pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">250,0</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:4.25pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:4.25pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">184,8</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:4.25pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:4.25pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">179,7</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:4.25pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:4.25pt 5.65pt 0pt 0pt;"><font style="font-family:'Arial MT';">65,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:4.25pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">35,3%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:4.25pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">5,1</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:4.25pt 0.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Recoverable</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">taxes</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.269,2</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,1%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">834,6</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">708,9</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,7%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">434,6</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">52,1%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">125,7</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">17,7%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Deffered</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> income tax and social contribution</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">8.729,9</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">7,3%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">8.677,0</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">8,5%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.134,0</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,2%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 19.2pt;"><font style="font-family:'Arial MT';white-space:pre-wrap;">     52,9</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.95pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">0,6%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.543,0</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';letter-spacing:-0.1pt;">306,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 57.7pt 0pt 0pt;"><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">Derivative</font><font style="font-family:'Arial MT';letter-spacing:-0.2pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;">financial</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">instruments</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">971,9</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">857,4</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">838,7</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,9%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">114,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">13,4%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">18,7</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,2%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Advances</font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">to</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">suppliers</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.282,8</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,1%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">1015,1</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,0%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.087,1</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,1%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">267,7</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">26,4%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(72,0)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-6,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Judicial</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">deposits</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">300,7</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">257,8</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">268,7</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.75pt 0pt 0pt;"><font style="font-family:'Arial MT';">42,9</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">16,6%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">(10,9)</font></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.45pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,1%</font></p></td></tr><tr style="height:8.45pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 10.15pt;"><b style="font-family:'Arial MT';font-weight:bold;">Other</b><b style="font-family:'Arial MT';font-weight:bold;letter-spacing:-0.35pt;"> </b><b style="font-family:'Arial MT';font-weight:bold;">assets</b></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><b style="font-weight:bold;">296,8</b></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.15pt 0pt 1.85pt;"><b style="color:#006fc0;font-weight:bold;">0,2%</b></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><b style="font-weight:bold;">235,3</b></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.05pt 0pt 3.6pt;"><b style="color:#006fc0;font-weight:bold;">0,2%</b></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 0pt 0pt 2.2pt;"><b style="font-weight:bold;">228,9</b></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 8.2pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">0,2%</b></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 0.25pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:29.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">61,5</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;letter-spacing:-0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.95pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">26,1%</b></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 0.25pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:22.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>    </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">6,5</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;letter-spacing:-0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b></p></td><td style="vertical-align:top;width:0.54%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.6%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 2.15pt 0pt 2.55pt;"><b style="color:#006fc0;font-weight:bold;">2,8%</b></p></td></tr><tr style="height:7.3pt;"><td colspan="4" style="vertical-align:top;width:52.11%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.64pt 0pt 0pt 151.6pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:19.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>13.101,3  </u><font style="font-family:'Arial MT';white-space:pre-wrap;">  </font><font style="font-family:'Arial MT';letter-spacing:1.05pt;"> </font><font style="color:#006fc0;font-family:'Arial MT';">11,0%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:26.15pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>12.062,0</u></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.64pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">11,8%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.64pt 0pt 0pt 2.2pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:24.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">5.446,1</u></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.64pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">5,6%</font></p></td><td colspan="3" style="vertical-align:top;width:21.23%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.64pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:17.28pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">1.039,3 </u><font style="font-family:'Arial MT';letter-spacing:1.5pt;white-space:pre-wrap;">   </font><font style="color:#006fc0;font-family:'Arial MT';">8,6%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:25.89pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>6.615,9</u></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.64pt 0pt 0pt 6.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">121,5%</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:-56.7pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:108.94%;"><tr style="height:8.45pt;"><td colspan="4" style="vertical-align:top;width:52.11%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 53.55pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:21.23%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.3pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Biological</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">assets</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">12.248,7</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 0.6pt 0pt 0.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">10,3%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">11.161,2</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 0.55pt 0pt 2.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">11,0%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">10.571,5</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">10.8%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.087,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">9,7%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">589,7</font></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 6.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">5,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Investments</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">524.1</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">359,1</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">322,4</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">165,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">46,0%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">36,6</font></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 5pt;"><font style="color:#006fc0;font-family:'Arial MT';">11,4%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 59.05pt 0pt 0pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Property,</font><font style="font-family:'Arial MT';letter-spacing:-0.2pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">plant</font><font style="font-family:'Arial MT';letter-spacing:-0.2pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">and</font><font style="font-family:'Arial MT';letter-spacing:-0.4pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">equipment</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">38.169,7</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.6pt 0pt 0.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">32,1%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">39.156,9</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.55pt 0pt 2.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">38,5%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.45pt 0pt 0pt;"><font style="font-family:'Arial MT';">41.120,9</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 9.65pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">42,0%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 17.3pt;"><font style="font-family:'Arial MT';">(987,2)</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 1.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-2,5%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 15.9pt;"><font style="font-family:'Arial MT';">(1.964,1)</font></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 6.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,8%</font></p></td></tr><tr style="height:8.45pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Right</font><font style="font-family:'Arial MT';"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">of</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">use</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 4.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.794,0</font></p></td><td style="vertical-align:top;width:4.27%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.6pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,0%</font></p></td><td style="vertical-align:top;width:9.5%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 1.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.344,1</font></p></td><td style="vertical-align:top;width:4.58%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.55pt 0pt 3.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,3%</font></p></td><td style="vertical-align:top;width:9.97%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 3.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.850,2</font></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">3.9%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 5.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">4499</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">10,4%</font></p></td><td style="vertical-align:top;width:8.13%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">493,8</font></p></td><td colspan="2" style="vertical-align:top;width:6.14%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 10.25pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.3pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 10.15pt;"><font style="font-family:'Arial MT';">Intangible</font></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 1.45pt 0pt 0pt;"><font style="font-family:'Arial MT';">16.034,4</font></p></td><td colspan="2" style="vertical-align:top;width:13.78%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 2.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">13,5%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:27.59pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>16.759,5</u></p></td><td colspan="2" style="vertical-align:top;width:14.55%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 4.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">16,5%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:24.19pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>17.712,8</u></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 9.15pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">18.1%</font></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 0.25pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.63pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(725,1)</u></p></td><td colspan="4" style="vertical-align:top;width:18.7%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 2.6pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,3%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.88pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>    </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(953,3)</u><font style="font-family:'Arial MT';"> </font><font style="font-family:'Arial MT';letter-spacing:1.5pt;"> </font><font style="color:#006fc0;font-family:'Arial MT';white-space:pre-wrap;">-  5,4%</font></p></td></tr><tr style="height:7.65pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;margin:0.4pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;letter-spacing:-0.05pt;">Total non-current</b><b style="font-weight:bold;letter-spacing:-0.25pt;"> </b><b style="font-weight:bold;">asset</b></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;text-align:right;margin:0.4pt 1.45pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:19.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">84.872,2</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b></p></td><td colspan="2" style="vertical-align:top;width:13.78%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;margin:0.4pt 0pt 0pt 3.15pt;"><b style="color:#006fc0;font-weight:bold;">71,3%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:27.09pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>83.842,8</b></p></td><td colspan="2" style="vertical-align:top;width:14.55%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;margin:0.4pt 0pt 0pt 4.85pt;"><b style="color:#006fc0;font-weight:bold;">82,4%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:27.14pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>79.024,0</b></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;text-align:center;margin:0.4pt 8.7pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">80,7%</b></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;margin:0.4pt 0pt 0pt 19.2pt;"><b style="font-weight:bold;">1.029,4</b></p></td><td colspan="4" style="vertical-align:top;width:18.7%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.25pt;margin:0.4pt 0pt 0pt 4.05pt;"><font style="display:inline-block;text-indent:0pt;width:37pt;"><b style="color:#006fc0;font-family:'Arial','Helvetica','sans-serif';font-size:6pt;font-style:normal;font-weight:bold;">1,2%</b></font><b style="font-weight:bold;white-space:pre-wrap;">4.818,8      </b><b style="font-weight:bold;letter-spacing:0.35pt;white-space:pre-wrap;">  </b><b style="color:#006fc0;font-weight:bold;">6,1%</b></p></td></tr><tr style="height:7.55pt;"><td style="vertical-align:top;width:28.88%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.64pt 0pt 0pt 1.6pt;"><b style="font-weight:bold;letter-spacing:-0.05pt;">TOTAL</b><b style="font-weight:bold;letter-spacing:-0.35pt;"> </b><b style="font-weight:bold;letter-spacing:-0.05pt;">ASSET</b></p></td><td style="vertical-align:top;width:9.44%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.64pt 1.45pt 0pt 0pt;"><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"> </b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:15.88pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;">118.975,1</b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"> </b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;letter-spacing:-0.1pt;text-decoration-line:underline;text-decoration-style:double;"> </b></p></td><td colspan="2" style="vertical-align:top;width:13.78%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.64pt 0pt 0pt 1.7pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:17.6pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>101.800,7</b></p></td><td colspan="2" style="vertical-align:top;width:14.55%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.64pt 0pt 0pt 3.45pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:25.2pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>97.908,2</b></p></td><td style="vertical-align:top;width:5.95%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0.64pt 8.25pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b></p></td><td style="vertical-align:top;width:8.67%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.64pt 0pt 0pt 0.25pt;"><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"> </b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:17.28pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;">17.174,4</b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"> </b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;letter-spacing:-0.15pt;text-decoration-line:underline;text-decoration-style:double;"> </b></p></td><td colspan="4" style="vertical-align:top;width:18.7%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.64pt 0pt 0pt 4.05pt;"><b style="color:#006fc0;font-weight:bold;">16,9%</b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:19.99pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="border-bottom-style:solid;border-bottom-width:0.5pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:double;">3.892,5.</b><b style="font-weight:bold;white-space:pre-wrap;">     </b><b style="font-weight:bold;letter-spacing:0.1pt;white-space:pre-wrap;">    </b><b style="color:#006fc0;font-weight:bold;">4,0%</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:-56.7pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:110.03%;"><tr style="height:23.65pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p></td><td colspan="10" style="vertical-align:middle;width:69.36%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.75pt;text-align:center;margin:0pt 0.4pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">Consolidated</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.34pt 0pt 0pt 7.65pt;"><b style="font-family:'Arial MT';font-weight:bold;">(Amounts expressed in millions of reais)</b></p></td></tr><tr style="height:23.65pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.05pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">LIABILITIES</b></p></td><td style="vertical-align:top;width:9.36%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.2pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0pt 2.6pt 0pt -0.05pt;"><b style="font-weight:bold;">December</b><b style="font-weight:bold;letter-spacing:0.5pt;"> </b><b style="font-weight:bold;">31,</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:1pt 2.35pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:32.08pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.2pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2021</b></p></td><td style="vertical-align:top;width:4.41%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.05pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0pt 0pt 0pt 1.25pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:9.75%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.2pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0pt 2.6pt 0pt 0pt;"><b style="font-weight:bold;">December</b><b style="font-weight:bold;letter-spacing:0.5pt;"> </b><b style="font-weight:bold;">31,</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:1pt 2.35pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:32.03pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2020</b></p></td><td style="vertical-align:top;width:4.42%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.05pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0pt 0pt 0pt 1.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:9.75%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.2pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0pt 2.6pt 0pt 0pt;"><b style="font-weight:bold;">December</b><b style="font-weight:bold;letter-spacing:0.5pt;"> </b><b style="font-weight:bold;">31,</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:1pt 2.35pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:32.03pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">2019</b></p></td><td style="vertical-align:top;width:5.17%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.05pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0pt 2.6pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td><td style="vertical-align:top;width:8.73%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.2pt 0pt 0pt 0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0pt 4.55pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">dec</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">31,21</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">x</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:1pt 4.2pt 0pt -0.05pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.78pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">dec</u><u style="font-family:'Arial MT';letter-spacing:-0.2pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">31,20</u></p></td><td colspan="3" style="vertical-align:top;width:17.74%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.34pt 0pt 0pt 7.65pt;"><b style="font-weight:bold;">Variations</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:1pt 0pt 0pt 32.7pt;"><font style="font-family:'Arial MT';">dec</font><font style="font-family:'Arial MT';letter-spacing:0.1pt;"> </font><font style="font-family:'Arial MT';">31,20</font><font style="font-family:'Arial MT';letter-spacing:-0.2pt;"> </font><font style="font-family:'Arial MT';">x</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:1pt 0pt 0pt 7.65pt;"><font style="display:inline-block;text-indent:0pt;width:15.9pt;"><font style="color:#006fc0;font-family:'Arial MT';font-size:6pt;font-style:normal;font-weight:normal;">%</font></font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.78pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">dec</u><u style="font-family:'Arial MT';letter-spacing:0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">31,19</u><font style="display:inline-block;width:13.09pt;"></font><font style="color:#006fc0;font-family:'Arial MT';">%</font></p></td></tr><tr style="height:8.45pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">CURRENT</b></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:5pt;visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:7.3pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Suppliers</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.288,9</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,8%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.361,1</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.376,5</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,4%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">927,8</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 2.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">39,3%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(15,4)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,6%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Loans,</font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">financing</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">and</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">debentures</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.655,5</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.043,4</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.228,0</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,4%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">1.612,1</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">78,9%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(4.184,6)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-67,2%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Lease</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">accounts payable</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">623,3</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">620,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,6%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">656,8</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,7%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3,1</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 2.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(36,7)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Derivative</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">financial</font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">instruments</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">1.563,4</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.991,1</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">893,4</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,9%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(427,7)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt -0.1pt;"><font style="color:#006fc0;font-family:'Arial MT';">-21,5%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.097,7</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">122,9%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Taxes</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';">payable</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">339,6</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">170,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">307,6</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">169,1</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">99,2%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(137,2)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-44,6%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Payroll</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">and</font><font style="font-family:'Arial MT';letter-spacing:-0.4pt;"> </font><font style="font-family:'Arial MT';">charges</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">590,5</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">492,7</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">400,4</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">97,8</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">19,8%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">92,3</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 13.95pt 0pt 0pt;"><font style="font-family:'Arial MT';">Liabilities</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">for</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">assets</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">acquisitions</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">and</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">subsidiaries</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">99,0</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">101,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">94,4</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(2,5)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 3.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">-2,5%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">7,1</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">7,5%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Dividends</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">payable</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">919,1</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">6,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">5,7</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">912,9</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:5pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 3.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">14648,1</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,5</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">9,0%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Advance</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">from</font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">customers</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">103,7</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">25,2</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">60,0</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">78,5</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">312,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(34,8)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-58,0%</font></p></td></tr><tr style="height:8.2pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Other</font><font style="font-family:'Arial MT';letter-spacing:-0.4pt;"> </font><font style="font-family:'Arial MT';">liabilities</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';letter-spacing:-0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">368,2</u></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">360,9</u></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,4%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">456,3</u></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">7,3</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(95,4)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.8pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-20,9%</font></p></td></tr><tr style="height:6.5pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.4pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">Total</b><b style="font-weight:bold;letter-spacing:0.8pt;"> </b><b style="font-weight:bold;">current</b><b style="font-weight:bold;letter-spacing:0.5pt;"> </b><b style="font-weight:bold;">liabilities</b></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">11.551,2</b></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 3.35pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">9,7%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">8.172,8</b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0.4pt 0.4pt 0pt 2.15pt;"><b style="color:#006fc0;font-weight:bold;">8,0%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;padding-left:7.1pt;text-align:right;text-indent:-7.1pt;margin:0.4pt 2.25pt 0pt -27.35pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:5.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">11.479,2</b></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0.4pt 3.35pt 0pt 1.2pt;"><b style="color:#006fc0;font-weight:bold;">11,7%</b></p></td><td style="vertical-align:top;width:8.73%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:15.68pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">3.378,4</b></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.4pt 0pt 0pt 0.9pt;"><b style="color:#006fc0;font-weight:bold;">41,3%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:24.89pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>(3.306,4)</b><b style="font-weight:bold;"> </b><b style="font-weight:bold;letter-spacing:0.3pt;"> </b><b style="color:#006fc0;font-weight:bold;">-28,8%</b></p></td></tr><tr style="height:24.25pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.25pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">NON-CURRENT</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:1pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Loans,</font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">financing</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">and</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">debentures</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">75.973,1</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.4pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">63,9%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">70.856,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 0.9pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">69,6%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">57.456,4</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 4.3pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">58,7%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">5.116,6</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0pt 0pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">7,2%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 3.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">13.400,1</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Lease</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">accounts payable</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">5.269,9</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,4%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.571,6</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">4,5%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.327,2</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,4%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">698,3</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">15,3%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.244,4</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Derivative</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">financial</font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">instruments</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">6.331,1</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">5,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.126,3</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.024,5</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,1%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">204,8</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt -0.1pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,3%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">4.101,8</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">202,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 13.95pt 0pt 0pt;"><font style="font-family:'Arial MT';">Liabilities</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">for</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">assets</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">acquisitions</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">and</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">subsidiaries</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">306,9</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">400,7</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">447,2</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,5%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(93,8)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">-23,4%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(46,5)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-10,4%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Provision</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">for</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">judicial</font><font style="font-family:'Arial MT';letter-spacing:-0.15pt;"> </font><font style="font-family:'Arial MT';">liabilities</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.232,6</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,7%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.256,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,2%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.512,5</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,6%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(23,4)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;margin:0.4pt 0pt 0pt 2.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,7%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(256,5)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.45pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">-7,3%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Actuarial liabilities</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">675,1</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,6%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">785,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">736,2</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,8%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(109,9)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 3.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">-14,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">48,9</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,6%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Deferred</font><font style="font-family:'Arial MT';letter-spacing:-0.4pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">taxes and social contribution</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">0,0</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,6</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">578,9</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,6%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(0,6)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">-100%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(578,3)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-99,99%</font></p></td></tr><tr style="height:8.45pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Share-based</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">compensation</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">plans</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">167,0</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">195,1</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,2%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">136,5</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(28,1)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">-14,4%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">58,6</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">43,0%</font></p></td></tr><tr style="height:8.45pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Advance from customers</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">149,6</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,0</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 6.1pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">149,6</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0.4pt 0pt 0pt 1.35pt;"><font style="color:#006fc0;font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">-</font></p></td></tr><tr style="height:7.3pt;"><td colspan="2" style="vertical-align:top;width:40%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';">Other</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">liabilities</font><font style="display:inline-block;width:112.3pt;"></font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:27.48pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">143,5</u></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">98,8</u></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.63pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">121,7</u></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:center;margin:0pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;text-align:right;margin:0pt 4.15pt 0pt -0.05pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:24.33pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';letter-spacing:-0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">44,7</u></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.35pt;margin:0pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">45,3%</font><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:34.09pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>(23,0) </u><font style="font-family:'Arial MT';letter-spacing:0.35pt;"> </font><font style="color:#006fc0;font-family:'Arial MT';">-18,9%</font></p></td></tr><tr style="height:7.3pt;"><td colspan="2" style="vertical-align:top;width:40%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.4pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">Total</b><b style="font-weight:bold;letter-spacing:0.65pt;"> </b><b style="font-weight:bold;">non-current</b><b style="font-weight:bold;letter-spacing:0.35pt;"> </b><b style="font-weight:bold;">liabilities</b><font style="display:inline-block;width:81.99pt;"></font><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.48pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">92.248,8</b></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 1.9pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">77,5%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">86.290,5</b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0.4pt 0.4pt 0pt 2.15pt;"><b style="color:#006fc0;font-weight:bold;">84,8%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">68.341,1</b></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:center;margin:0.4pt 3.35pt 0pt 1.2pt;"><b style="color:#006fc0;font-weight:bold;">69,8%</b></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;text-align:right;margin:0.4pt 4.2pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:16.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">5.958,3</b></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.9pt;margin:0.4pt 0pt 0pt 1.85pt;"><b style="color:#006fc0;font-weight:bold;">6,9%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:23.92pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>17.949,5</b><b style="font-weight:bold;letter-spacing:2.4pt;white-space:pre-wrap;">  </b><b style="color:#006fc0;font-weight:bold;">26,3%</b></p></td></tr><tr style="height:24.25pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.25pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;margin:0pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">NET EQUITY</b></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:1pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Share</font><font style="font-family:'Arial MT';letter-spacing:-0.4pt;"> </font><font style="font-family:'Arial MT';">Capital</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">9.235,5</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">7,8%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">9.235,5</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">9,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">9.235,5</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 4.3pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">9,4%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 12.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0pt 0pt 0pt 3.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-size:7pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:7.5pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Capital</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">reserves</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">15,5</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">10,6</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">6.416,9</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">6,6%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">4,9</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.4pt;"><font style="color:#006fc0;font-family:'Arial MT';">46,1%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(6.406,3)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">-99,8%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Treasury</font><font style="font-family:'Arial MT';letter-spacing:-0.35pt;"> </font><font style="font-family:'Arial MT';">shares</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">-218,3</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.9pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,2%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">-218,3</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,2%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">-218,3</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,2%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 12.8pt 0pt 0pt;"><font style="font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 3.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 9.95pt 0pt 0pt;"><font style="font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Profit</font><font style="font-family:'Arial MT';letter-spacing:0.05pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">reserves</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.927,8</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">3,3%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">317,1</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,3%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.927,8</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">-</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(317,1)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-100,0%</font></p></td></tr><tr style="height:7.85pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Equity evaluation adjustments</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">2.144,9</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">1,8%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.129,9</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">2.221,3</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">2,3%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(15,0)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 0.9pt;"><font style="color:#006fc0;font-family:'Arial MT';">-0,7%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(91,4)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-4,1%</font></p></td></tr><tr style="height:7.9pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 11.15pt;"><font style="font-family:'Arial MT';letter-spacing:-0.1pt;">Accumulated results</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><font style="font-family:'Arial MT';font-size:6.5pt;margin-left:0pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">-3.926,0</font></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">-3,9%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">0,0</font></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">3.926,0</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0.4pt 0pt 0pt 2.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td><td style="vertical-align:top;width:8.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0.4pt 1.3pt 0pt 0pt;"><font style="font-family:'Arial MT';">(3.926,0)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,0%</font></p></td></tr><tr style="height:7.35pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;margin:0.34pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">Controlling</b><b style="font-weight:bold;letter-spacing:0.55pt;"> </b><b style="font-weight:bold;">Shareholder&#39;s net equity</b></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 2.25pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">15.075,5</b></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 3.35pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">12,7%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;">7.231,8</b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.34pt 0.4pt 0pt 2.15pt;"><b style="color:#006fc0;font-weight:bold;">7,1%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.43pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">17.972,6</b></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.34pt 3.35pt 0pt 1.2pt;"><b style="color:#006fc0;font-weight:bold;">18,4%</b></p></td><td style="vertical-align:top;width:8.73%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 4.15pt 0pt -0.05pt;"><b style="font-weight:bold;">7.843,7</b></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;margin:0.34pt 0pt 0pt 0.9pt;"><b style="color:#006fc0;font-weight:bold;">108,5%</b></p></td><td style="vertical-align:top;width:8.18%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.34pt 3.25pt 0pt 0pt;"><b style="font-weight:bold;">(10.740,8)</b></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.34pt 1.65pt 0pt 1.65pt;"><b style="color:#006fc0;font-weight:bold;">-59,8%</b></p></td></tr><tr style="height:7.35pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;margin:0.4pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">Non-controlling</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;">interest</font></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 2.25pt 0pt -0.05pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.18pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';letter-spacing:-0.15pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">99,6</u></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 3.85pt 0pt 0pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:30.13pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">105,6</u></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.4pt 0.9pt 0pt 2.15pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 2.25pt 0pt 0pt;"><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.63pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></u><u style="font-family:'Arial MT';text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">115,3</u></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.4pt 3.8pt 0pt 1.2pt;"><font style="color:#006fc0;font-family:'Arial MT';">0,1%</font></p></td><td style="vertical-align:top;width:8.73%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 4.15pt 0pt -0.05pt;"><font style="font-family:'Arial MT';">(6,0)</font></p></td><td style="vertical-align:top;width:4.46%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;margin:0.4pt 0pt 0pt 2.3pt;"><font style="color:#006fc0;font-family:'Arial MT';">-5,7%</font></p></td><td style="vertical-align:top;width:8.18%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:right;margin:0.4pt 3.25pt 0pt 0pt;"><font style="font-family:'Arial MT';">(9,7)</font></p></td><td style="vertical-align:top;width:5.1%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6pt;text-align:center;margin:0.4pt 2pt 0pt 1.65pt;"><font style="color:#006fc0;font-family:'Arial MT';">-8,4%</font></p></td></tr><tr style="height:0pt;visibility:hidden;"><td colspan="11" style="padding:0pt;"></td></tr><tr style="height:16.3pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">Total</b><b style="font-weight:bold;letter-spacing:0.45pt;"> net </b><b style="font-weight:bold;">equity</b></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt -0.05pt;"><b style="font-weight:bold;">15.175,1</b></p></td><td style="vertical-align:top;width:4.41%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 3.35pt 0pt 0pt;"><b style="color:#006fc0;font-weight:bold;">12,8%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;">7.337,4</b></p></td><td style="vertical-align:top;width:4.42%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 0.4pt 0pt 2.15pt;"><b style="color:#006fc0;font-weight:bold;">7,2%</b></p></td><td style="vertical-align:top;width:9.75%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 2.25pt 0pt 0pt;"><b style="font-weight:bold;">18.088,0</b></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:center;margin:0pt 3.35pt 0pt 1.2pt;"><b style="color:#006fc0;font-weight:bold;">18,5%</b></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;text-align:right;margin:0pt 4.15pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.28pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>7.837,7</b></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:6.5pt;margin:0pt 0pt 0pt 0.9pt;"><b style="color:#006fc0;font-weight:bold;">106,8%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:21.55pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(10.750,5)</b><b style="font-weight:bold;"> </b><b style="font-weight:bold;letter-spacing:0.3pt;"> -</b><b style="color:#006fc0;font-weight:bold;">59,4%</b></p></td></tr><tr style="height:6.75pt;"><td style="vertical-align:top;width:30.63%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;margin:0pt 0pt 0pt 2.5pt;"><b style="font-weight:bold;">TOTAL</b><b style="font-weight:bold;letter-spacing:-0.25pt;"> </b><b style="font-weight:bold;">LIABILITIES</b><b style="font-weight:bold;letter-spacing:-0.2pt;"> </b><b style="font-weight:bold;">AND NET</b><b style="font-weight:bold;letter-spacing:-0.4pt;"> </b><b style="font-weight:bold;">EQUITY</b></p></td><td style="vertical-align:top;width:9.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;text-align:right;margin:0pt 2.25pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:18.08pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">118.975,1</b></p></td><td colspan="2" style="vertical-align:top;width:14.16%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;margin:0pt 0pt 0pt 2.35pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:20.45pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>101.800,8</b></p></td><td colspan="2" style="vertical-align:top;width:14.18%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;margin:0pt 0pt 0pt 2.3pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:25.95pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u>97.908,2</b></p></td><td style="vertical-align:top;width:5.17%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;text-align:center;margin:0pt 2.85pt 0pt 1.2pt;"><b style="color:#006fc0;font-weight:bold;">100,0%</b></p></td><td style="vertical-align:top;width:8.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;text-align:right;margin:0pt 2.85pt 0pt -0.05pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:12.53pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">17.174,3</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </b></p></td><td colspan="3" style="vertical-align:top;width:17.74%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:6pt;line-height:5.75pt;margin:0pt 0pt 0pt 3.75pt;"><b style="color:#006fc0;font-weight:bold;">16,9%</b><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"><u style="display:inline-block;overflow:hidden;position:relative;text-align:justify;text-align-last:justify;text-decoration:underline;text-indent:0pt;vertical-align:bottom;white-space:normal;width:18.69pt;">&#8203; &#8203;<font style="display:inline-block;height:0pt;width:100%;"></font></u></b><b style="font-weight:bold;letter-spacing:-0.1pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;white-space:pre-wrap;">3.892,6  </b><b style="font-weight:bold;letter-spacing:2.4pt;white-space:pre-wrap;">  </b><b style="color:#006fc0;font-weight:bold;">4,0%</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:center;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038256"></a><a name="_Toc97210257"></a><a name="_Toc97209950"></a><a name="_Toc97209826"></a></b>Comparative Analysis of the Consolidated Balance Sheets - As of December 31, 2021 and December 31, 2020</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038257"></a><a name="_Toc97210258"></a><a name="_Toc97209951"></a><a name="_Toc97209827"></a></font><font style="color:#000000;">Current assets</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Current assets were BRL34,102.9 million as of December 31, 2021, compared to a balance of BRL17,958.0 million as of December 31, 2020, representing an increase of 89.9% or BRL16,144.9 million. The share of current assets, as of December 31, 2021, represented 28.7% of total assets, compared to 17.6% as of December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variation was mainly due to the increase of BRL12,052.0 million in cash and cash equivalents and financial investments, mainly due to cash generated from operations of BRL4,103.0 million and cash received from the sale of assets of BRL1,227.7, on the other hand, there was a reduction in payments for derivative operations in the amount of BRL2,544.4 and loans and financing in the amount of BRL6,263.0 and an increase of BRL3,616.2 in accounts receivable from customers, mainly due to, the increase in the average net sales price of pulp was US$ 608/ton in 2021 (+33% vs. 2020), while in BRL, the average net price was BRL3,279/ton (+37% vs. 2020) and an exchange rate increase of 7.39%, being BRL5.5805 on December 31, 2021 compared to BRL5.1967 on December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-style:italic;font-weight:bold;">Non-Current Assets</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Non-current assets were BRL84,872.2 million on December 31, 2021 and BRL83,842.8 million on December 31, 2020, representing an increase of 1.2% or BRL1,029.4 million. The share of non-current assets, as of December 31, 2021, represented 71.3% of total assets, compared to 82.4% as of December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variation was mainly due to the gain update of the fair value of BRL763.1 million, addition of BRL3,807.6 and depletion of BRL3,189.7.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038258"></a><a name="_Toc97210259"></a><a name="_Toc97209952"></a><a name="_Toc97209828"></a></font><font style="color:#000000;">Current Liabilities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Current liabilities were BRL11,551.2 million as of December 31, 2021, compared to a balance of BRL8,172.8 million as of December 31, 2020, representing an increase of 41.3% or BRL3,378.4 million. The share of current liabilities in relation to total liabilities as of December 31, 2021 was 9.7% compared to 8.0% as of December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variation was mainly due to the increase of BRL1,612.1 in loans, financing and debentures, mainly due to the transfer of amounts from the long term to the short term of Agribusiness Receivables Certificate, an increase of BRL927.8 million in suppliers, mainly in domestic suppliers due to price updates by economic indices such as gas and fuel, increase of BRL912.9 in dividends payable, mainly, mandatory minimum dividends proposed by the Company&#39;s Management of BRL913.1 and reduction of BRL427.7 million in derivative financial instruments, mainly due to the lower volume of contracts on December 31, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038259"></a><a name="_Toc97210260"></a><a name="_Toc97209953"></a><a name="_Toc97209829"></a></font><font style="color:#000000;">Non-Current Liabilities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Non-current liabilities were BRL92,248.8 million as of December 31, 2021, compared to a balance of BRL86,290.5 million as of December 31, 2020, which represented an increase of 6.9% or BRL5,958, 3 million. The share of non-current liabilities in relation to total liabilities went to 77.5% on December 31, 2021, compared to 84.8% on December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variation was mainly due to the increase of BRL5,116.6 million in loans, financing and debentures, mainly due to the contracting of Sustainability-linked Notes, partially offset by the settlement of Export Prepayment (PPE) and <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc97210261"></a><a name="_Toc97209954"></a><a name="_Toc97209830"></a><a name="_Toc99038260"></a></font><font style="color:#000000;">Net </font><font style="color:#000000;">Equity</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Net equity was BRL15,175.1 million as of December 31, 2021, compared to a balance of BRL7,337.4 million as of December 31, 2020, representing an increase of 106.8% or BRL7,837.7 million. Net equity increased to 12.8% of total liabilities as of December 31, 2021, compared to 7.2% of total liabilities as of December 31, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variation was mainly due to the profit for the year of BRL8,635.5 million, absorbing BRL3,926.0 million related to accumulated losses from previous periods, constituting BRL4.9 million of capital reserve, BRL235.0 million of legal reserve, BRL812.9 million of tax incentive reserves, BRL2,513.7 million of capital increase reserve, BRL279.3 million of special statutory reserve, BRL86.9 million of reserve for the distribution of dividends and BRL913.1 million of proposed mandatory minimum dividends.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038261"></a><a name="_Toc97210262"></a><a name="_Toc97209955"></a><a name="_Toc97209831"></a></b>Comparative Analysis of the Consolidated Balance Sheets - As of December 31, 2020 and December 31, 2019</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038262"></a><a name="_Toc97210263"></a><a name="_Toc97209956"></a><a name="_Toc97209832"></a></font><font style="color:#000000;">Current assets</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Current assets were BRL17,958.0 million as of December 31, 2020, compared to a balance of BRL18,884.2 million as of December 31, 2019, representing a decrease of 4.9% or BRL926.2 million. The share of current assets, as of December 31, 2020, represented 17.6% of total assets, compared to 19.3% as of December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation was mainly due to the decrease of BRL676.3 million in inventories, mainly due to the decrease of BRL1,148.4 million in inventories of finished pulp products related to sales above the volume produced as a counterpart to the increase of BRL403.1 million of raw material inventories for the maintenance of the logistics chain, of BRL590.4 million of recoverable taxes, mainly resulting from the reduction of BRL363.7 million in income tax due to compensation with social security and withheld income tax from third parties, of BRL352.6 million in cash and cash equivalents and financial investments and an increase of BRL403.8 million in other assets arising from the sale of wood of BRL200.0 million from the sale of ICMS/ES credits net of discount of 7% in the amount of BRL129.0 million, BRL313.3 million of assets held for sale arising from the sale of rural properties and forests (standing wood) resulting from the transaction with Bracell and Turvinho, disclosed in the explanatory note 1.2.2. of the 2020 financial statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038263"></a><a name="_Toc97210264"></a><a name="_Toc97209957"></a><a name="_Toc97209833"></a></font><font style="color:#000000;">Non-Current Assets</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Non-current assets were BRL83,842.8 million on December 31, 2020 and BRL79,024.0 million on December 31, 2019, representing an increase of 6.1% or BRL4,818.8 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation was mainly due to the increase of BRL6,543.0 million in deferred income tax and social contribution, mainly related to the exchange rate variation of BRL4,111.00 million and losses with derivatives of BRL1,685.4 and a decrease of BRL1,964.1 million in property, plant and equipment, mainly due to the amortization of capital gains of BRL836.4.</p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="color:#000000;font-size:11pt;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038264"></a><a name="_Toc97210265"></a><a name="_Toc97209958"></a><a name="_Toc97209834"></a></font><font style="color:#000000;">Current Liabilities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Current liabilities were BRL8,172.8 million as of December 31, 2020, compared to a balance of BRL11,479.1 million as of December 31, 2019, representing a decrease of 28.8% or BRL3,306.4 million. The share of current liabilities in relation to total liabilities as of December 31, 2020 was 8.0% compared to 11.7% as of December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation was mainly due to the decrease of BRL4,184.6 in loans, financing and debentures, mainly due to the settlement of the Certificate of Agribusiness Receivables and Export Prepayment and BRL137.2 million in taxes payable, mainly on federal taxes BRL121.9 million, and an increase of BRL1,097.7 million in derivative financial instruments, mainly due to the loss on derivatives due to mark-to-market due to the increase in the dollar exchange rate on December 31, 2020.</p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="color:#000000;font-size:11pt;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038265"></a><a name="_Toc97210266"></a><a name="_Toc97209959"></a><a name="_Toc97209835"></a></font><font style="color:#000000;">Non-Current Liabilities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Non-current liabilities were BRL86,290.5 million as of December 31, 2020, compared to a balance of BRL68,341.0 million as of December 31, 2019, which represented an increase of 26.3% or BRL17,949, 5 million. The share of non-current liabilities in relation to total liabilities increased to 84.8% on December 31, 2020, compared to 69.8% on December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation was due to the increase of BRL13,400.1 million in loans, financing and debentures, mainly due to the contracting of Senior Notes (Bonds) and Export Prepayment, BRL4,101.8 in derivative financial instruments, mainly due to loss on derivatives due to mark-to-market due to the increase in the US dollar exchange rate on December 31, 2020, BRL1,244.4 in lease payables, </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">mainly due to the addition of BRL858.1 of land and plot, and decrease of BRL578.3 million in deferred income tax and social contribution.</p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="color:#000000;font-size:11pt;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038266"></a></font><font style="color:#000000;">Net equity</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Net equity was BRL7,337.4 million as of December 31, 2020, compared to a balance of BRL18,088.0 million as of December 31, 2019, representing a decrease of 59.4% or BRL10,750.5 million. Net equity went to 7.2% of total liabilities on December 31, 2020, compared to a percentage of 18.5% on December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation was mainly due to the loss for the year of BRL10,714.9, absorbing BRL6,406.3 from the capital reserve balance and BRL317.1 million from the profit reserve balance. A balance of BRL3,926.0 of accumulated losses was also recorded.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038267"></a><a name="_Toc97210268"></a><a name="_Toc97209961"></a><a name="_Toc97209837"></a></b>Comparative Analysis of Consolidated Cash Flows</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:102.65%;"><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:8.65pt;margin:0pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';font-size:8.65pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:51.26%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:center;margin:0pt 5.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">Consolidated</b></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:8.65pt;margin:0pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';font-size:8.65pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:51.26%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:center;margin:0pt 5.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">(Amounts expressed in millions of reais)</font></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:8.65pt;margin:0pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';font-size:8.65pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:center;margin:0pt 5.05pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">On December 31, </b></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:8.65pt;margin:0pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';font-size:8.65pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:26.66%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:right;margin:0pt 10.35pt 0pt 0pt;"><font style="font-family:'Arial MT';">2021</font></p></td><td style="vertical-align:top;width:12.29%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:center;margin:0pt 2.15pt 0pt 6.65pt;"><font style="font-family:'Arial MT';">2020</font></p></td><td style="vertical-align:top;width:12.3%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:right;margin:0pt 5.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">2019</font></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;margin:0pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';">Cash</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">provided</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">by</font><font style="font-family:'Arial MT';letter-spacing:0.15pt;"> </font><font style="font-family:'Arial MT';">operating</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> </font><font style="font-family:'Arial MT';">activities</font></p></td><td style="vertical-align:top;width:26.66%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:right;margin:0pt 10.35pt 0pt 0pt;"><font style="font-family:'Arial MT';">17.637,5</font></p></td><td style="vertical-align:top;width:12.29%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:center;margin:0pt 2.15pt 0pt 6.65pt;"><font style="font-family:'Arial MT';">13.124,6</font></p></td><td style="vertical-align:top;width:12.3%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.65pt;text-align:right;margin:0pt 5.05pt 0pt 0pt;"><font style="font-family:'Arial MT';">7.576,4</font></p></td></tr><tr style="height:10.4pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.95pt;margin:0.44pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';">Cash</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">used</font><font style="font-family:'Arial MT';letter-spacing:-0.05pt;"> </font><font style="font-family:'Arial MT';">in investing activities,</font><font style="font-family:'Arial MT';letter-spacing:0.45pt;"> </font><font style="font-family:'Arial MT';">net</font></p></td><td style="vertical-align:top;width:26.66%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.95pt;text-align:right;margin:0.44pt 7.65pt 0pt 0pt;"><font style="font-family:'Arial MT';">(10.358,7)</font></p></td><td style="vertical-align:top;width:12.29%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.95pt;text-align:center;margin:0.44pt 6.65pt 0pt 6.65pt;"><font style="font-family:'Arial MT';">(736,4)</font></p></td><td style="vertical-align:top;width:12.3%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.95pt;text-align:right;margin:0.44pt 2.4pt 0pt 0pt;"><font style="font-family:'Arial MT';">(11.695,0)</font></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;margin:0.44pt 0pt 0pt 2.5pt;"><font style="font-family:'Arial MT';">Cash</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';">(used)</font><font style="font-family:'Arial MT';letter-spacing:-0.3pt;"> generated in the </font><font style="font-family:'Arial MT';">financing</font><font style="font-family:'Arial MT';letter-spacing:-0.25pt;"> </font><font style="font-family:'Arial MT';">activities</font></p></td><td style="vertical-align:top;width:26.66%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 7.7pt 0pt 0pt;"><font style="font-family:'Arial MT';white-space:pre-wrap;"> (1.573,9) </font></p></td><td style="vertical-align:top;width:12.29%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:center;margin:0.44pt 2.15pt 0pt 6.65pt;"><font style="font-family:'Arial MT';">(9.785,1)</font></p></td><td style="vertical-align:top;width:12.3%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 5.1pt 0pt 0pt;"><font style="font-family:'Arial MT';">3.141,8</font></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:8.2pt;padding-left:32.95pt;text-indent:-32.95pt;margin:0.44pt 0pt 0pt 2.5pt;"><font style="display:inline-block;text-indent:0pt;width:32.95pt;"></font><font style="font-family:'Arial MT';font-size:8pt;">Effects of exchange variation in cash and cash equivalents </font></p></td><td style="vertical-align:top;width:26.66%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 7.7pt 0pt 0pt;"><font style="font-family:'Arial MT';">1.050,8</font></p></td><td style="vertical-align:top;width:12.29%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:center;margin:0.44pt 2.15pt 0pt 6.65pt;"><font style="font-family:'Arial MT';">982.8</font></p></td><td style="vertical-align:top;width:12.3%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 5.1pt 0pt 0pt;"><font style="font-family:'Arial MT';">(161.5)</font></p></td></tr><tr style="height:9.65pt;"><td style="vertical-align:top;width:48.73%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;padding-left:32.95pt;text-indent:-32.95pt;margin:0.44pt 0pt 0pt 2.5pt;"><b style="font-family:'Arial MT';font-weight:bold;">Increase/reduction of cash and cash equivalents</b></p></td><td style="vertical-align:top;width:26.66%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 7.7pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">6,755.7</b></p></td><td style="vertical-align:top;width:12.29%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:center;margin:0.44pt 2.15pt 0pt 6.65pt;"><b style="font-family:'Arial MT';font-weight:bold;">3,585.9</b></p></td><td style="vertical-align:top;width:12.3%;border-bottom:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:8pt;line-height:8.2pt;text-align:right;margin:0.44pt 5.1pt 0pt 0pt;"><b style="font-family:'Arial MT';font-weight:bold;">(1,138.3)</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;text-align:center;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Comparative Analysis of Cash Flow Statements - fiscal years ended on December 31, 2021, 2020 and 2019</p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="color:#000000;font-size:11pt;font-weight:bold;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038268"></a><a name="_Toc97210269"></a><a name="_Toc97209962"></a><a name="_Toc97209838"></a></font><font style="color:#000000;">Operating Activities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Operating activities generated net cash in the amount of BRL17,637.5 in 2021. This generation is mainly associated with a gross profit of BRL8,635.5, a reduction in the effects of exchange and monetary variations of BRL3,800.8, which significantly influenced loans, financing and debentures, losses with derivatives, net of BRL1,597.7 and an increase in deferred income tax and social contribution of BRL94.7, due to the fluctuation in the rate of BRL5.1967 on December 31 2020 compared to BRL5.5805 on December 31, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Operating activities generated net cash in the amount of BRL13,124.6 in 2020. This generation is mainly associated with a gross profit of BRL11,493.9 and an improvement in working capital in accounts receivable, inventories and suppliers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Operating activities generated net cash in the amount of BRL7,576.4 million in the fiscal year ended December 31, 2019. This generation is mainly associated with a gross profit of BRL5,269.5 million and an improvement in working capital in accounts receivable and inventories.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038269"></a><a name="_Toc97210270"></a><a name="_Toc97209963"></a><a name="_Toc97209839"></a></font><font style="color:#000000;">Investment Activities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In 2021, investment activities consumed net cash of BRL10,358.7. The amount invested is mainly composed of the acquisition of fixed assets in the amount of BRL2,150.6, acquisition of biological assets in the amount of BRL3,807.6 and consumption of BRL5,216.9 of financial investments, net, partially offset </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">by the receipt in the sale of assets, mainly through the sale of BRL395.8 million of forests (standing wood) to Bracell and BRL630.4 million of land to Turvinho. Additionally, we received BRL50.0 million from Bracell registered as <i style="font-style:italic;">escrow account </i>for the sale of forests (standing timber).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2020, investment activities consumed net cash of BRL736.4. The amount invested is mainly composed of the acquisition of fixed assets in the amount of BRL1,503.2 and the acquisition of biological assets in the amount of BRL3,392.2 offset by the inverse effect of BRL3,841.4 from financial investments, net.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal year ended December 31, 2019, investment activities consumed net cash of BRL11,695.0 million. The amount invested is mainly composed of the acquisition of Fibria in the amount of BRL26,002.5 million, the acquisition of fixed, intangible and biological assets in the amount of BRL4,868.4 million, offset by the reverse effect of BRL19,378.9 million from financial investments, net.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038270"></a><a name="_Toc97210271"></a><a name="_Toc97209964"></a><a name="_Toc97209840"></a></font><font style="color:#000000;">Financing Activities</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2021, BRL1,573.9 million of net cash was consumed in financing activities. The use of cash included the settlement of BRL15,469.4 in loans, financing and debentures, BRL1,921.3 in derivative operations and BRL1,012.1 in leasing contracts. This effect was offset by the raising of loans and financing and debentures in the amount of BRL16,992.0 million, which consisted mainly of BRL8,481.8 in export prepayments (EPP), BRL5,005.5 of Sustainability-linked Notes 2032 (&#8220;Notes 2032&#8221;) and BRL2,609.5 of total Repurchase of Senior Bonds 2024.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2020, BRL9,785.1 million of net cash was consumed in financing activities. The use of cash included the settlement of BRL19,092.8 in loans, financing and debentures and BRL4,465.6 in derivative operations. This effect was offset by the raising of loans and financing and debentures in the amount of BRL14,761.7 million, which consisted mainly of BRL4,899.1 in export prepayments, BRL2,638.2 in revolving credits (Revolving credit facility), BRL6,640.3 in Senior Notes (Bonds) and BRL531.7 in contracts with <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal year ended December 31, 2019, BRL3,141.8 million of net cash was generated in financing activities. Cash generation included the raising of loans and financing and debentures in the amount of BRL18,993.8 million, consisting mainly of BRL4,340.3 million in export prepayments (EPP), BRL4,750.0 million in debentures, BRL8,061.4 million in senior notes (Bonds), and BRL1,813.8 million in advances on foreign exchange contracts (ACC). On the other hand, BRL 13,994.7 million of indebtedness were settled.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.2</font><a name="_Toc99038271"></a><a name="_Toc67165656"></a><b style="font-size:11pt;font-weight:bold;">Comments from the Officer on:</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">results of the Company&#39;s operations</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Please find below the comments made by Suzano&#39;s Statutory Executive Board of Officers corresponding to the analysis (i) of the important components of revenue, and (ii) of the main factors that materially affected the operating results, which in both cases are: level of sales (volume and revenue by product), sales destination (<i style="font-style:italic;">mix </i>between national market and different export regions), market share and prices. Other exogenous factors, over which the Company has little or no control, are discussed in item &#8220;10. 2.b &#8220;.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2019, the joint operation of the companies Suzano Celulose e Papel and Fibria Celulose began after the merger of the two companies.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038272"></a><a name="_Toc67165657"></a></font>Pulp Sales</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended December 31, 2021, 2020 and 2019, the Company&#39;s pulp sales represented, respectively, 84.7%, 84.0% and 80.8% of its total net operating revenue. The volume of exports represented 92.5%, 92.7% and 91.2% of the total volume of pulp sold in the same periods. Export sales volume was 9.8 million tons, 10.0 million tons and 8.6 million tons in the fiscal years ended December 31, 2021, 2020 and 2019, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:88.28%;" align="center"><tr style="height:15.45pt;"><td rowspan="2" style="color:#ffffff;vertical-align:top;width:40.01%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total pulp sales</b></p></td><td colspan="3" style="color:#ffffff;vertical-align:top;width:59.98%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ended December 31,</b></p></td></tr><tr style="height:15.4pt;"><td style="display:none;vertical-align:middle;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:top;width:19.99%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:top;width:20%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:top;width:19.99%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:15.45pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Company Sales (in thousand tons)</b></p></td></tr><tr style="height:15.45pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic sales volume</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">787</font></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">787</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">831</font></p></td></tr><tr style="height:15.4pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume in the foreign market</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9,789</font></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,036</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,581</font></p></td></tr><tr style="height:15.45pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total sales volume</b></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10,586</b></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10,823</b></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">9,412</b></p></td></tr><tr style="height:15.45pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Company&#39;s Net Operating Revenue (in BRL million)</b></p></td></tr><tr style="height:15.4pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic market sales</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">32,376.4</font></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">23,968.8</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,833.9</font></p></td></tr><tr style="height:15.45pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales in the foreign market</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2,338.8</font></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,609.4</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">19,193.8</font></p></td></tr><tr style="height:15.4pt;"><td style="vertical-align:top;width:40.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total net operating revenue</b></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">34,715.2</b></p></td><td style="vertical-align:top;width:20%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">25,578.3</b></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">21,027.7</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038273"></a><a name="_Toc67165658"></a></font>Pulp Sales Destination</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company seeks to sell its production with a focus on profitability. For this, the allocation of sales prioritizes the most profitable markets and customers, within the margin allowed by the commercial policy.</p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.0872536%;table-layout:auto;width:104.17%;" align="center"><tr style="height:14.95pt;"><td style="color:#ffffff;vertical-align:top;width:40.02%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Pulp Revenue by Region 1</b></p></td><td style="color:#ffffff;vertical-align:top;width:19.99%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:top;width:19.99%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:top;width:19.99%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:40.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Europe</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">30%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">25%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">28%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:40.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Asia</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">46%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">51%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">46%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:40.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Brazil</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">6%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:40.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">North America</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">16%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">17%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">17%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:40.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">South / Central America</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1%</font></p></td><td style="vertical-align:top;width:19.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0%</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">1- Data made available annually by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Also in line with our commercial policy, we seek a balance in pulp sales to the different paper segments. The sanitary paper segment stands out, which in 2019 remained with a significant share in our sales <i style="font-style:italic;">mix, being the main segment served by Suzano.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.1041832%;table-layout:auto;width:102.2%;" align="center"><tr style="height:14.95pt;"><td style="color:#ffffff;vertical-align:top;width:39.66%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Pulp sales by segment 1</b></p></td><td style="color:#ffffff;vertical-align:top;width:20.11%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:top;width:20.11%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:top;width:20.11%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:39.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sanitary Purposes</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">63%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">64%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">58%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:39.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Print &amp; Write</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">17%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">16%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">20%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:39.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Specialties</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">13%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:39.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8%</font></p></td><td style="vertical-align:top;width:20.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11%</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">1- Data made available annually by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038274"></a><a name="_Toc67165659"></a></font>Pulp Price</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net dollar sales price of Suzano&#39;s pulp (domestic and foreign markets) was US$629/ton in the six-month period ended June 30, 2021, compared to US$463/ton in the six-month period ended on June 30, 2020. This variation in the average net sales price of pulp was explained by the behavior of international pulp prices.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net price in dollars of Suzano&#39;s pulp sales (domestic and foreign market) was US$ 608/ton in 2021 compared to US$ 458/ton in 2020, and US$ 566/ton in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The increase in the average net sales price of pulp in 2021 <i style="font-style:italic;">vs. </i>2020 was explained by the behavior of international pulp prices. The total average net price of pulp (domestic and external market) in Reais was BRL3,394/ton in 2021, above the price reached in 2020, as a result of the devaluation of the national currency against the US Dollar in the period (average exchange rate).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038275"></a><a name="_Toc67165660"></a></font>Paper Sales</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2021, the domestic paper market showed a 15.8% recovery in aggregate demand for the products that Suzano produces and sells compared to 2020, according to data from the Brazilian Tree Industry (<i style="font-style:italic;">Ind&#250;stria Brasileira de Arvores</i> - Ib&#225;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The recovery in demand was mainly driven by the improvement in the pandemic scenario, which also led to an increase in sales. In addition, the Company continues to accelerate initiatives that certainly position Suzano in a differentiated way in the market, such as: the growth of direct sales through the &#8220;Suzano Mais&#8221; Program, strengthening of e-commerce, in addition to advances in average paper prices practiced in 2021 against 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2021, 2020 and 2019, the Company&#39;s paper sales volume destined for the foreign market was, respectively, 28.7%, 31.9% and 32.1% of the total volume of paper.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended in 2021, 2020 and 2019, the Company&#39;s paper sales represented, respectively, 15.3%, 16.0% and 19.2% of its total net operating revenue.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038276"></a><a name="_Toc67165661"></a></font>Destination of Paper Sales</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The volume sold in the domestic market reached 923 thousand tons in 2021, compared to 802 thousand tons in 2020 and 853 thousand tons in 2019. Export volumes reached 371 thousand tons in 2021, 375 thousand tons in 2020 and 403 thousand tons in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The breakdown of paper sales revenue by region is shown in the table below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.7697525%;table-layout:auto;width:103.53%;" align="center"><tr style="height:14.95pt;"><td style="color:#ffffff;vertical-align:top;width:51.26%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Paper Revenue by Region1</b></p></td><td style="color:#ffffff;vertical-align:middle;width:15.92%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:middle;width:15.92%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:middle;width:16.88%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Brazil</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">71%</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">66%</font></p></td><td style="vertical-align:middle;width:16.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">70%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">South / Central America</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">15%</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14%</font></p></td><td style="vertical-align:middle;width:16.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">North America</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7%</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9%</font></p></td><td style="vertical-align:middle;width:16.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Europe</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4%</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7%</font></p></td><td style="vertical-align:middle;width:16.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4%</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.7697525%;table-layout:auto;width:103.53%;" align="center"><tr style="height:15pt;"><td style="vertical-align:top;width:51.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3%</font></p></td><td style="vertical-align:middle;width:15.92%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4%</font></p></td><td style="vertical-align:middle;width:16.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4%</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">1- Data made available annually by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038277"></a><a name="_Toc67165662"></a></font>Paper Price </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The average net paper price (domestic and foreign) in Reais was BRL 4,829/ton in 2021, compared to BRL 4,148/ton in 2020 and BRL 3,968/ton in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the domestic market, the average net price of paper was BRL4,746, compared to BRL4,188/ton in 2020 and BRL4,078/ton in 2019. The average net price in the foreign market increased to US$933/ton, compared to US$788/ton in 2020 and US$946/ton in 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038278"></a><a name="_Toc67165663"></a></font>Paper for Printing and Writing</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended in 2021, 2020 and 2019, respectively, the Company sold 966.2 thousand, 842.4 thousand and 958.4 thousand tons of printing and writing paper.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2021, 2020 and 2019, according to the Brazilian Tree Industry (Ib&#225;), the Company held, respectively, shares (i) in the sales of Brazilian Manufacturers to the domestic market, of 44.4%, 46.2% and 44.6%. In terms of Brazilian exports (ii), the Company&#39;s share was 38.8%, 35.3% and 34.6%.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The following tables contain the Company&#39;s domestic sales of paper and exports of these products, as well as information regarding its shares in such markets, for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="padding-left:24.05pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:88.5%;"><tr style="height:47.45pt;"><td style="vertical-align:top;width:48.49%;background:#1e487c;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total Sales of Printing and Writing Paper</b></p></td></tr><tr style="height:30pt;"><td style="color:#ffffff;vertical-align:top;width:48.49%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">(in thousand tons, unless otherwise expressly indicated)</font></p></td><td style="color:#ffffff;vertical-align:top;width:16.93%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:top;width:17.28%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:top;width:17.28%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:15pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Company Sales</b></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic sales volume</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">638</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">539</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">620</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume in the foreign market</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">328</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">304</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">339</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total sales volume</b></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">966</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">842</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">958</b></p></td></tr><tr style="height:14.95pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Sales of Brazilian Manufacturers</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic sales volume</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,436</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,167</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,389</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume in the foreign market</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">846</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">856</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">978</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">total sales volume</b></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2,282</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2,023</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2,367</b></p></td></tr><tr style="height:15pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Company&#39;s Share in Sales by Brazilian Manufacturers</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">% in relation to sales in the domestic market</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">48.2%</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">44.7%</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">44.1%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">% in relation to sales in the foreign market</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">35.3%</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">34.7%</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">33.9%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">% of total sales</b></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">42.6%</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">40.5%</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">40.2%</b></p></td></tr><tr style="height:15pt;"><td colspan="4" style="vertical-align:top;width:100%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Brazilian market</b></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:24.05pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:88.5%;"><tr style="height:14.95pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume of Brazilian Manufacturers</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,436</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,167</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,389</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Import volume</font></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">115</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137</font></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">248</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:48.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total volume of the Brazilian Market</b></p></td><td style="vertical-align:top;width:16.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,551</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,304</b></p></td><td style="vertical-align:top;width:17.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,637</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Source: Brazilian Tree Industry (Ib&#225;) and Company.</p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:13pt;margin:0pt;"><font style="font-size:11pt;margin-top:2pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc67165664"></a><a name="_Toc99038279"></a></font>Paperboard</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended in 2021, 2020 and 2019, respectively, the Company sold 198.6, 201.8 thousand and 192.4 thousand tons of paperboard, of which 163.6, 138.9 and 130.2 tons were sold in domestic market, while 34.9, 62.8 and 62.2 thousand tons were exported.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In this segment, according to the Brazilian Tree Association (Ib&#225;), the Company&#39;s share of sales by Brazilian Manufacturers in the domestic market was 26.2%, 24.0% and 24.0% in 2021, 2020 and 2019, respectively. Additionally, its paperboard exports represented 21.9%, 29.6% and 28.4% of the total volume exported by Brazilian producers in 2021, 2020 and 2019 respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The following table contains the Company&#39;s domestic sales and exports of paperboard, as well as information on its shares in these markets, for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:90.02%;" align="center"><tr style="height:45pt;"><td rowspan="2" style="color:#ffffff;vertical-align:top;width:49.69%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total Sales of Paperboard</b></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="display:inline-block;width:138pt;"></font><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">(in thousand tons, unless otherwise expressly indicated)</font></p></td></tr><tr style="height:29.95pt;"><td style="display:none;vertical-align:middle;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td><td style="color:#ffffff;vertical-align:top;width:19.54%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:top;width:15.38%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:top;width:15.37%;background:#001f5f;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2019</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic sales volume</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">164</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">139</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">130</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume in the foreign market</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">35</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">63</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">62</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total sales volume</b></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">199</b></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">202</b></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">192</b></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Domestic sales volume</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">625</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">580</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">542</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume in the foreign market</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">159</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">212</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">219</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total sales volume</b></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">784</b></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">792</b></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">761</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">% in relation to sales in the domestic market</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">26.2%</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">24.0%</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">24.0%</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">% in relation to sales in the foreign market</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">21.9%</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">29.6%</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">28.4%</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">% of total sales</b></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">25.3%</b></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">25.5%</b></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">25.3%</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Sales volume of Brazilian Manufacturers</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">625</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">580</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">542</font></p></td></tr><tr style="height:14.95pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Import volume</font></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">75</font></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">60</font></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">78</font></p></td></tr><tr style="height:15pt;"><td style="vertical-align:top;width:49.69%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total volume of the Brazilian Market</b></p></td><td style="vertical-align:top;width:19.54%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">700</b></p></td><td style="vertical-align:top;width:15.38%;border-bottom:1.0pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">640</b></p></td><td style="vertical-align:top;width:15.37%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">620</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Source: Brazilian Tree Industry (Ib&#225;) and Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038280"></a><a name="_Toc67165665"></a><b style="font-size:11pt;font-weight:bold;">variations in revenues attributable to changes in prices, exchange rates, inflation, changes in volumes and introduction of new products and services</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Below are the comments made by Suzano&#39;s Executive Board corresponding to the analysis of the main exogenous factors, over which the Company has little or no control, which affect the Company&#39;s results.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038281"></a><a name="_Toc67165666"></a></font>Volatility of International Prices </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended December 31, 2021, 2020 and 2019, the Company&#39;s pulp sales represented, respectively, 84.7%, 84.0% and 80.8% of its total net operating revenue, respectively. The prices of this product are determined by the balance of supply and demand, therefore outside the Company&#39;s control. International price fluctuations for this product generated impacts on the Company&#39;s revenue, EBITDA and operating margins.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:12pt;"><a name="_Hlk65846601"></a></font>Paper prices, in turn, are determined by supply and demand conditions in the regional markets where they are sold, although with a more stable behavior than pulp prices. Revenue from Suzano&#39;s paper sales to Brazil and other countries in South and Central America represented a share of the Company&#39;s total paper revenue of 84%, 80% and 84%, respectively, in the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company believes that cyclical fluctuations in pulp and paper prices tend to be more attenuated compared to history, mainly due to: (i) the flow of <i style="font-style:italic;">online information,</i> with the faster dissemination of news that affect prices; (ii) global crisis caused by the Coronavirus pandemic; and (iii) to the most efficient producers that replace those with higher marginal cost. However, the Company believes that some price volatility still persists, due to several factors, including: (i) similarities between the products; (ii) fluctuations in the exchange rate between the currencies of importing and exporting countries of pulp and paper, such as, for example, Euro, US Dollar, Renminbi and Real; and (iii) geopolitical and economic conditions worldwide and in different regions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Finally, we have long-term sales relationships with most of our pulp and paper customers in the domestic and export markets. These agreements generally provide for the sale of our market pulp at prices announced by us each month. These prices may vary between the different geographic areas where our customers are located. Pricing agreements under our long-term contracts are generally consistent with the prices of our other sales within the same region and follow the established BEKP price schedule announced by the world&#39;s leading pulp producers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038282"></a><a name="_Toc67165667"></a></font>Exchange rate variation between the Real and the US Dollar, interest rate, inflation and economic growth</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The results of operations and the financial condition of the Company, as reported in its financial statements, are significantly affected by the variation of the Real against the US Dollar and, to a lesser extent, by the Brazilian inflation rate, interest rate and the growth of the Brazilian economy.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038283"></a><a name="_Toc67165668"></a></font>Real volatility against the US Dollar</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The variation of the Real against the US Dollar results in several effects on the Company&#39;s consolidated financial condition and on its consolidated operating result when expressed in Reais, in addition to impacting its consolidated revenues, expenses and assets denominated in foreign currency.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Revenues from sales from exports and, therefore, the Company&#39;s operating cash generation, are directly and immediately affected by the variation in the average exchange rate between the Real and the US Dollar. In the fiscal years ended December 31, 2021, 2020 and 2019, net revenue from exports denominated in Dollars represented, respectively, 83.6%, 83.7% and 79.6% of the Company&#39;s net sales revenue. Depreciation of the Real causes such revenues to increase when expressed in Reais, while the appreciation of the Real results in lower export sales revenues. Revenues in the domestic market are indirectly influenced by the variation of the exchange rate, to the extent that imported papers, quoted in US Dollars, gain or lose competitiveness in the domestic market depending on the exchange rate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s operating costs and expenses, such as insurance and freight expenses related to exports and costs of chemical products used as raw materials, among others, are also affected by exchange rate variations. Therefore, the depreciation of the Real results in an increase in such costs and expenses, when expressed in Reais, while the appreciation of the Real results in their decrease.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s consolidated equity accounts indexed in foreign currency, especially short and long-term loans and financing, cash and cash equivalents abroad and accounts receivable from external customers, are directly and occasionally affected by the exchange rate at the end of each fiscal year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The portion of the Company&#39;s consolidated short- and long-term loans and financing denominated in foreign currency totaled BRL65,988 million, or approximately 83.0% of the Company&#39;s gross indebtedness as of December 31, 2021. This portion is almost in its all linked to the US Dollar and, therefore, variations in the exchange rate between the Real and the US Dollar directly affect the Company&#39;s indebtedness and results at each year-end.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038284"></a><a name="_Toc67165669"></a></font>Inflation</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s financial condition and results of operations are also affected by inflation. Most of its costs and expenses are incurred in Reais, tending to reflect the effects of inflation. There are some exceptions that are denominated in US Dollars, such as purchases of chemicals used as raw materials.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038285"></a><a name="_Toc67165670"></a></font>interest rates</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Exposure to changes in interest rates is primarily due to:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>LIBOR rate variations, with regard to financing denominated in US Dollars; and</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Variations in the TJLP or CDI, with regard to financing and investments denominated in Reais.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The interest rate on the Company&#39;s financial investments denominated in Reais is based on the CDI rate. The Company&#39;s US dollar-denominated financial investments are subject to movements in rates referenced to US Treasury securities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Given the risk of LIBOR becoming extinct over the next few years, the Company has been actively negotiating its contracts with clauses that envisage the discontinuation of the interest rate. </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Most of the debt already has some clause replacing the rate with a reference index or equivalent interest rate, for contracts that do not have a specification, a renegotiation clause was added between the parties. Derivative contracts linked to LIBOR envisage that there will be a negotiation between the parties to define a new rate or an equivalent rate will be provided by the calculation agent.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Over the next few years, until LIBOR is terminated, the company will actively work to reflect an equivalent replacement rate in all of its contracts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038286"></a><a name="_Toc67165671"></a></font>Economic Growth Rate</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s results tend to be directly impacted by the level of international and domestic economic growth. Economic growth, expressed in terms of the variation of the Gross Domestic Product (GDP), mainly influences the level of demand for the Company&#39;s products and its growth in relation to previous periods. In addition, the heating up or reduction in market demand tends to be reflected in the price levels practiced by the sector.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="color:#2f5496;font-family:'Times New Roman','Times','serif';font-size:11pt;margin:0pt;"><font style="font-size:13pt;"><a name="_Toc99038287"></a><a name="_Toc67165672"></a></font>Production Capacity and Volumes</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#39;s results are also affected by its production capacity and volume. In 2021, we produced 11.741 million tons, of which 10.453 million tons of pulp and 1.28 million tons of paper.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;padding-left:0.05pt;text-align:justify;text-indent:-0.05pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.4pt;text-indent:0pt;white-space:nowrap;">c)</font><a name="_Toc99038288"></a><a name="_Toc67165673"></a><b style="font-size:11pt;font-weight:bold;">impact of inflation, changes in prices of main inputs and products, exchange rates and interest rates on the Company&#39;s operating and financial results</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As already presented in item &#8220;10. 2.b&#8221;, external factors related to market price fluctuations, exchange rate variation, interest rate, inflation and economic growth, may introduce an undesired level of volatility on cash generation and results. of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Accordingly, the Company adopts a financial risk management policy to mitigate market volatilities, which seek to: (i) protect the Company&#39;s cash flow and equity against fluctuations in the market prices of inputs and products, exchange rates and interest, price and correction indices, or even other assets or instruments traded in liquid or non-liquid markets, to which the values of the Company&#39;s assets, liabilities or cash generation are exposed; and (ii) optimize the contracting of financial instruments to protect against exposure to risk, taking advantage of natural <i style="font-style:italic;">hedges </i>and correlations between the prices of different assets and markets, avoiding the waste of resources with inefficiently contracting operations. The financial operations contracted by the Company are intended to protect existing exposures, and the assumption of new risks other than those arising from the Company&#39;s operating activities is prohibited.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For example, generally in the case of a depreciation of the Real, two effects are observed: (i) the first, negative and one-off, is related to the updating of the value of the exchange exposure net of the balance sheet (balance of asset and liability accounts denominated in foreign currency including, among others, the balances of gross debt and cash denominated in Dollars, inventories, accounts receivable and payable in foreign currency and the value of positions in currency <i style="font-style:italic;">swaps </i>to <i style="font-style:italic;">hedge </i>the currency exposure of the cash flow); and (ii) the second, positive and permanent, concerns the higher operating cash generation resulting from the increase in export revenues denominated in US Dollars.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Thus, the Company&#39;s funding and currency hedging practice is guided by the fact that around 80% of the Company&#39;s net revenue comes from exports with prices in US Dollars, while most of the production costs are linked to Real. This structural exposure allows the Company to contract export financing in US Dollars and reconcile financing payments with the flow of sales receipts, providing a natural cash hedge for these commitments. Excess revenue in Dollars not linked to debt commitments and other obligations is sold on the foreign exchange market at the time the funds are committed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In order to protect the future flow of excess revenue in Dollars, derivative operations are contracted for hedging purposes through: (i) sale of US Dollars in the futures markets (Non-Deliverable Forward), and/or (ii) positions in instruments that consist of the simultaneous combination of purchase of put options (Put) and sale of purchase options (Call) on US Dollars, with the same principal and maturity value, creating a floor and a ceiling for the dollar exchange rate. These instruments are called Zero Cost collars. Hedge operations carried out in the futures markets must respect the limits established in the policy, with a maximum percentage of up to 75%, and a minimum percentage of at least 40% of the foreign exchange surplus in a horizon of up to 18 months and, therefore, are matched to the availability of ready-for-sale exchange in the short term. Specifically, for the Cerrado project, a new hedging policy was defined in 2021, with a limit on the total amount to be protected of up to US$ 1.0 billion for a time horizon of up to 36 months.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In addition to exchange hedge operations, contracts are entered into to swap from floating interest rates to fixed rates, to reduce the effects of changes in interest rates on the value of the debt and swap contracts between different interest rates and correction indices., as a way of mitigating the mismatch between different financial assets and liabilities and contracts to fix part of the exposure to maritime fuel (derived from petroleum), with the objective of protecting logistical costs related to the contracting of maritime freight.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Hlk98748610"></a><a name="_Toc99038289"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">10.3 </b></font><b style="font-size:12pt;font-weight:bold;"><a name="_TOC_250004"></a><a name="_Toc67165674"></a></b>Events with relevant effects, occurred and expected, in the Financial Statements</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">introduction or disposal of operating segment</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended December 31, 2021, 2020 and 2019, there was no introduction or sale of an operating segment by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038290"></a><a name="_Toc67165675"></a><b style="font-size:11pt;font-weight:bold;">Incorporation, acquisition or disposal of equity interest</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the fiscal years ended on December 31, 2021 and 2020, there was no acquisition or disposal of relevant equity interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038291"></a></b>Fibria</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On January 14, 2019, a transaction was concluded that resulted in the ownership, by the Company, of all the shares issued by Fibria Celulose S.A. (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fibria</u>&#8221;) which, on April 1, 2019, was merged into the Company. The Transaction sought to create a solid company, owner of first-rate assets, strategically located, capable of efficiently supplying customers on all continents with its products.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As estimated by Management, the integration of the Company&#8217;s and Fibria &#8216;s activities have enabled Suzano to consolidate its position in the international market as the lowest cost producer in the pulp industry. In 2020, the curve for capturing gains from operating synergies estimated as a result of the business combination with Fibria was completed, which reached estimated gains, on a recurring basis, of BRL1.3 billion per year (before taxation). The operational synergies were obtained with the reduction of costs, expenses, capital investments and indirect taxes, deriving from the areas of supplies, forestry, industrial, logistics, commercial, administrative and personnel.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc67165680"></a><a name="_Toc99038292"></a><b style="font-size:11pt;font-weight:bold;">unusual events or </b><b style="font-size:11pt;font-weight:bold;">transactions</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In years 2021, 2020 and 2019 there were no unusual events or transactions that were not already specified.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.4</font><a name="_Toc99038293"></a><a name="_Toc67165681"></a><b style="font-size:11pt;font-weight:bold;">Comments from officers on:</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">significant changes in accounting practices</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">We present below the comments of our Statutory Executive Board of Officers regarding significant changes in accounting policies and their impacts on the financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">During the fiscal year ended December 31, 2021, the Company adopted new accounting policies in the preparation of its financial statements, related to item a.1(i) below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">During the fiscal year ended December 31, 2020, the Company made a spontaneous change in its accounting policy in the preparation of its financial statements, related to items a.2 (i.e. iii to vi). listed below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The individual and consolidated financial statements presented were prepared in accordance with the International Financial Reporting Standards (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">IFRS</u>&#8221;) issued by the International Accounting Standards Board (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">IASB</u>&#8221;) and in accordance with pronouncements issued by the Accounting Pronouncements Committee (<i style="font-style:italic;">Comit&#234; de Pronunciamentos Cont&#225;beis</i> - &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">CPC</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The consolidated financial statements include directly and indirectly controlled companies and operations and joint ventures, whose financial statements coincide with the Company&#8217;s base date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.1)</font><a name="_Toc99038294"></a><b style="font-size:11pt;font-weight:bold;">Adoption of accounting policies for the fiscal year ended December 31, 2021</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2021, the following standards/interpretations were issued and approved by the Accounting Pronouncements Committee (CPC) and International Accounting Standards Board (IASB), effective for fiscal years beginning on January 1, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">i.</font><a name="_Hlk94684162"></a><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Reform of the reference interest rate - CPC 38/IAS 39 - CPC 40 (R1)/ IFRS 7 and CPC 48/IFRS 9 - Phase 2 (Applicable on/or after January 1, 2021, early adoption allowed)</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Hlk75238931"></a><a name="_Hlk62793710"></a><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The adoption of phase 2 boils down to:</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(i)</font>changes in contractual cash flows: practical expedient that allows replacing, as a result of the reform, the effective interest rate of a financial asset or financial liability for a new economically equivalent rate, without derecognition of the contract;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">(ii)</font><i style="font-style:italic;">hedge accounting </i>requirements: end of exemptions for evaluating the effectiveness of <i style="font-style:italic;">hedge accounting relationships </i>(Phase 1); and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">(iii)</font>disclosures: requirements over the disclosure of the risks to which the Company is exposed by the reform, management of such risk and evolution of the transition of the Interbank Offered Rate (&#8220;IBORs&#8221;).</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company has evaluated the content of this pronouncement and does not expect to have a significant impact on its debts and derivatives linked to <i style="font-style:italic;">LIBOR </i>(note 4.4.2 to the financial statements).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">ii.</font><a name="_Hlk94684170"></a><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Leasing &#8211; CPC 06 (R2)/ IFRS 16 &#8211; Update of the original issued on June 16, 2020 (Applicable on/or after April 1, 2021, early adoption allowed)</b></div><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-indent:0pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On March 31, 2021, this pronouncement was amended as a result of benefits granted to lessees in lease agreements due to the COVID-19 pandemic. The Company evaluated the content of this pronouncement and did not identify any impacts, since the clauses of the current lease agreements remained unchanged.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.2)</font><a name="_Toc99038295"></a><a name="_Toc67165682"></a><b style="font-size:11pt;font-weight:bold;">Adoption and amendment of accounting policies for the fiscal year ended December 31, 2020</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2020, the following standards/interpretations were issued and approved by the Accounting Pronouncements Committee (CPC) and International Accounting Standards Board (IASB), effective for fiscal years beginning on January 1, 2020. Additionally, there were changes related to the accounting policy resulting from the harmonization arising from the business combination with Fibria. The new rules and policies are presented below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i.</font><a name="_Toc99038296"></a><b style="font-size:11pt;font-weight:bold;">Change in functional currency</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Due to the merger of Fibria, the Company made several changes in its structure, activities, and operations during 2019, which led Management to reassess the functional currency of its wholly owned subsidiaries whose functional currency was different from the Brazilian real.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These facts resulted in the corporate reorganization and impacted the way Management conducts the Company&#8217;s business, aiming to achieve alignment between the cultures of the 2 (&#8220;two&#8221;) Companies, the unification of processes, operations, systems and tax strategies, eventual gains in synergy arising from the business combination. In this process, some of the Company&#8217;s wholly owned subsidiaries were considered an extension of the parent company&#8217;s activities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Collectively, these circumstances justify the change in the functional currency to the Brazilian Real and they occurred gradually during 2019, therefore, it was not practicable to determine the date of the change at a precise point in the fiscal year. Accordingly, the Company changed the functional currency of these wholly owned subsidiaries on January 1, 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The exchange variation resulting from the conversion of a foreign currency transaction, previously recognized in other comprehensive income, will only be transferred from net equity to the income statement at the time the transaction is written off. The total or partial write-off of interest in a subsidiary abroad occurs in the sale or closure of all or part of the operation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Thus, the financial information of the subsidiaries abroad, whose functional currency is different from the Real, was converted using the following criteria described below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font>assets and liabilities converted at the exchange rate at the end of the period;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font>revenue and expenses are converted at the exchange rate obtained through the average of the daily rates for each month;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii)</font>the accumulated effects of gain or loss on the conversion of the above are recorded in other comprehensive income, in net equity.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">And, as of January 1, 2020, the financial information of subsidiaries abroad, whose functional currency became the Real, are converted using the following criteria:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font>monetary assets and liabilities converted at the period-end exchange rate;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font>non-monetary assets and liabilities converted at the historical transaction rate;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii)</font>revenue and expenses are converted at the average exchange rate of daily rates (PTAX);</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv)</font>the accumulated effects of gain or loss on the conversion of the above items are recorded in the financial result for the period.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii.</font><a name="_Toc99038297"></a><a name="_Toc67165684"></a><b style="font-size:11pt;font-weight:bold;">Business combination - CPC 15 / IFRS 3</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This statement has been amended and clarifies the definition of a &#8220;business&#8221;. It also allows for a simplified assessment of whether an acquired set of activities and assets is a group of assets and not a business. The Company evaluated the content of this pronouncement and did not identify any impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii.</font><a name="_Toc99038298"></a><a name="_Toc67165685"></a><b style="font-size:11pt;font-weight:bold;">Presentation of the financial statements &#8211; CPC 26 / IAS 1 and Accounting policies, changes in estimates and correction of errors &#8211; CPC 23 / IAS 8</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This pronouncement has been amended and clarifies the definition of &#8220;material&#8221; and how it should be applied (i) including the definition guidelines that have so far been highlighted in other parts of IFRS; (ii) improve the explanations that accompany the definition; and (iii) ensure that the material definition is consistent across all IFRS standards. The Company evaluated the content of this pronouncement and did not identify any impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv.</font><a name="_Toc99038299"></a><a name="_Toc67165686"></a><b style="font-size:11pt;font-weight:bold;">Conceptual framework for financial reporting - CPC 00 (R2)</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This statement has been amended and includes some new concepts, provides updated definitions and recognition criteria for assets and liabilities, and clarifies some important concepts, the main changes being:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font>purpose of financial reporting;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font>the qualitative characteristics of useful accounting information;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii)</font>a description of the reporting entity and its boundary;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv)</font>the definitions of assets, liabilities, revenue and expenses;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">v)</font>criteria for recognizing assets and liabilities in financial statements (recognition) and guidance on when to remove them (derecognition);</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vi)</font>measurement bases and guidance on when to use them; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vii)</font>concepts and guidelines on presentation and dissemination.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These changes help to ensure that accounting standards are conceptually consistent and that similar transactions are treated in the same way in order to provide useful information to investors and creditors.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company evaluated the content of this pronouncement and did not identify any impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">v.</font><a name="_Toc99038300"></a><a name="_Toc67165687"></a><b style="font-size:11pt;font-weight:bold;">Leasing - CPC 06 (R2) / IFRS 16</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This pronouncement was amended as a result of Covid-19-related benefits granted to lessees under lease agreements. The Company evaluated the content of this pronouncement and did not identify any impacts, since the clauses of the current lease agreements remained unchanged.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vi.</font><a name="_Toc99038301"></a><a name="_Toc67165688"></a><b style="font-size:11pt;font-weight:bold;">Reform of the reference interest rate - CPC 38/IAS 39 - CPC 40 (R1)/ IFRS 7 and CPC 48/IFRS 9 - Phase 1 (Applicable on/or after January 1, 2020, early adoption allowed)</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These pronouncements were amended by the IASB in response to the ongoing reform of the Interbank offered rates (&#8220;Ibor&#8221;) and other reference interest rates, issuing a package of amendments to IFRS standards. According to the IASB, the changes aim to help companies provide investors with useful information about the effects of the reform on their financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The changes promoted by the IASB in 2020 complement those issued in 2019 and address the effects, in the financial statements, when a company replaces, as a result of the reform, the old reference interest rate with an alternative.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The adoption of this pronouncement is divided into 2 (two) phases, as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Hlk62793677"></a><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font><a name="_Hlk62793693"></a>Phase 1: Amendments to this phase were issued in September 2019 and provided temporary exemptions from the application of specific hedge accounting requirements for relationships affected by uncertainties arising as a result of the IBOR reform (Phase 1 exemptions). The Company evaluated the </div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;">content of this pronouncement and did not identify impacts as it does not have hedge accounting; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font>Phase 2: amendments to this phase were issued in August 2020 and can be summarized as follows: changes in contractual cash flows, hedge accounting requirements and disclosures (note 3.3.1. to the financial statements).</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.3)</font><a name="_Toc99038302"></a><a name="_Toc67165689"></a><b style="font-size:11pt;font-weight:bold;">Adoption and amendment of accounting policies for the fiscal year ended December 31, 2019</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In 2019, the following standards/interpretations were issued and approved by the Accounting Pronouncements Committee (CPC) and International Accounting Standards Board (IASB), effective for fiscal years beginning on January 1, 2019. The new standards are presented below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i.</font><a name="_Toc99038303"></a><a name="_Toc67165690"></a><b style="font-size:11pt;font-weight:bold;">Leasing operations - CPC 06 (R2) / IFRS 16</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company adopted standard CPC 06 (R2) / IFRS 16 as of January 1, 2019. This standard requires the Company to recognize within its liabilities future payments and in its assets the right to use the leased asset for all contracts lease, with exemption allowed for short-term or low-value contracts. Low-value or short-term contracts covered by the exemption from the rule refer to those whose individual asset values are less than US$5 thousand or with a maturity period of less than 12 months, substantially represented by computer equipment and vehicles. The Company adopted the standard using the modified retrospective approach that does not require the restatement of comparative balances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Upon adoption of the standard, the Company recognized gross PIS/COFINS lease liabilities in relation to contracts that meet the definition of lease, whose liabilities were measured at the present value of the remaining lease payments, discounted based on the nominal incremental borrowing rate. The assets associated with the right of use were measured at an amount equal to the lease liability on January 1, 2019, with no impact on retained earnings.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company used the following practical expedients allowed by the standard:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font>the use of a single discount rate for a portfolio of leases with reasonably similar characteristics;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">ii)</font>the lease contracts whose term will expire within 12 months from the date of initial adoption of the standard, the accounting was made as short-term leases directly in the result;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">iii)</font>accounting for lease payments as expenses in the case of leases for which the underlying asset is of low value;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">iv)</font>the use of hindsight in determining the lease term when the contract contains options to extend or terminate the lease; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">v)</font>the Company excluded initial direct costs from measuring the right-of-use asset on the date of first-time adoption.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The effects of adopting this standard resulted in the recognition of right-of-use assets and lease liabilities in the amount of BRL3,357,850 on January 1, 2019. The greatest impact produced by this standard is related to the recognition in the balance sheet of lease agreements of land used for the formation of eucalyptus forests, with validity periods of up to 3 cycles of forest formation, </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">around 21 years and ships and boats, used in the international transport of finished products, valid for 15 years. The amounts recognized by nature of the asset are shown below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.9931793%;table-layout:auto;width:103.98%;" align="center"><tr style="height:11.85pt;"><td style="color:#ffffff;vertical-align:top;width:33.33%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Nature of Asset</b></p></td><td style="color:#ffffff;vertical-align:top;width:33.32%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Present Value of the Asset (a)</b></p></td><td style="color:#ffffff;vertical-align:top;width:33.33%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Discount Rate (b)</b></p></td></tr><tr style="height:11.85pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">land and plot</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 1,762,943 thousand</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.89%</font></p></td></tr><tr style="height:11.9pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Machines and equipment</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 143,685 thousand</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.15%</font></p></td></tr><tr style="height:11.85pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Properties</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 41,570 thousand</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.92%</font></p></td></tr><tr style="height:11.85pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Ships and vessels</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 1,408,640 thousand</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.76%</font></p></td></tr><tr style="height:11.9pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Vehicles</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 1,012 thousand</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.99%</font></p></td></tr><tr style="height:11.85pt;"><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">BRL 3,357,850 thousand</b></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr></table></div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:8pt;min-width:28.35pt;white-space:nowrap;">(a)</font>Gross tax liability.</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:8pt;min-width:28.35pt;white-space:nowrap;">(b)</font>To determine the discount rates, quotations were obtained from financial institutions for contracts with characteristics and average terms similar to leasing contracts.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii.</font><a name="_Toc99038304"></a><a name="_Toc67165691"></a><b style="font-size:11pt;font-weight:bold;">Uncertainty on the Treatment of Income Taxes - ICPC 22 / IFRIC 23</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This interpretation clarifies how to measure and recognize current and deferred income tax assets and liabilities, current and deferred income tax and social contribution, in light of CPC 32 / IAS 12 - Income Taxes, in cases where there is uncertainty about treatments applied in the respective tax calculations. Management evaluated the main tax treatments adopted by the Company in the open periods subject to questioning by the tax authorities and concluded that there is no significant impact to be recorded in the financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company evaluated the changes introduced by this new interpretation and, based on the analyzes carried out, did not identify material impacts on the financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii.</font><a name="_Toc99038305"></a><a name="_Toc67165692"></a><b style="font-size:11pt;font-weight:bold;">Amortization of surplus value of subsidiaries</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company adopts the policy of classifying the amortization of the surplus value of assets and liabilities determined on the acquisition of subsidiaries under the heading other operating income (expenses), net, in the parent company&#8217;s income statement. In the consolidated, the amortization of the surplus value of assets and liabilities is classified under cost of goods sold, selling expenses, general and administrative expenses, other operating income (expenses), net and financial result, in accordance with the realization of the items that gave rise to it.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv.</font><a name="_Toc99038306"></a><a name="_Toc67165693"></a><b style="font-size:11pt;font-weight:bold;">Comparability of the statement of cash flows</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company made certain reclassifications in the statement of cash flows for the fiscal year ended December 31, 2018, substantially in operating activities, for better comparison with the statement of cash flows for the fiscal year ended December 31, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">v.</font><a name="_Toc67165694"></a><a name="_Toc99038307"></a><b style="font-size:11pt;font-weight:bold;">Investment Revaluation &#8211; Ensyn and Spinnova </b><b style="font-size:11pt;font-weight:bold;">Oy</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Ensyn and Spinnova investments were previously classified as financial investments measured at fair value through other comprehensive income. However, in the second and third quarters of 2019, respectively, based on the shareholders&#8217; agreement and recent contributions made to Ensyn and Spinnova, the Company increased its stake and gained significant influence.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Thus, from the second and third quarters of 2019, respectively, the Company recorded its investments in Ensyn and Spinnova prospectively by the equity method using the fair value method as attributable cost, with the consequent presentation of the investment under the heading of interests in subsidiaries, associates, joint operations and joint ventures and no longer under the heading of other investments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In relation to Ensyn, goodwill was identified and recorded for expected future profitability in this transaction in the amount of US$40,049 (equivalent to BRL 154,578), arising from the difference between the amount paid of US$43,000 (equivalent to BRL165,928) and the fair value of the investee&#8217;s net equity of US$2,941 (equivalent to BRL11,350).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In relation to Spinnova, a gain from advantageous purchase in this transaction in the amount of EUR6,748 (equivalent to BRL32,705), arising from the difference between the amount paid of EUR12,500 (equivalent to BRL $55,210) and the fair value of the investee&#8217;s net equity of EUR19,248 (equivalent to BRL87,915).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vi.</font><a name="_Toc99038308"></a><a name="_Toc67165695"></a><b style="font-size:11pt;font-weight:bold;">Biological assets</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s biological assets are eucalyptus forests exclusively from renewable plantations and destined for the pulp and paper production process, measured at fair value and deducted from estimated selling costs at harvest. The measurement of fair value is carried out every six months, as Management understands that this interval is sufficient for there to be no significant lag in the fair value of biological assets recorded in its financial statements, and uses the discounted cash flow method according to the productivity cycle. projected from these assets.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Considering that Suzano and Fibria used different assumptions to measure the fair value of the biological asset, in the first measurement after the business combination, the Company revised the assumption called &#8220;usable planted area&#8221;, so that immature forests (up to 2 (two) years old from the date of planting) are maintained at historical cost. As a result, Management considers that during this period, the historical cost of biological assets approaches their fair value. Additionally, the purpose of this change is to reflect the experience acquired in the measurement process of biological assets and the alignment of the calculation methodology with the Company&#8217;s forest management, which considers the realization of continuous forest inventories with the purpose of estimating the stock of wood or future production projections, represented by the average annual increase (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">IMA</u>&#8221;), from the 3rd year of planting.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Considering the fact that in the first 2 (two) years of forest formation the historical cost approaches its fair value, as described above, this alignment of approach did not generate significant impacts on the Company&#8217;s financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The other premises were not changed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The gain or loss on the change in the fair value of biological assets is recognized under other operating income (expenses), net. The depletion value is measured based on the depletion (harvest) of the forests.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The significant assumptions used in determining the fair value of biological assets were:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:0.95pt;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font>Average cycle of forest formation of 6 and 7 years;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font>Useful planted areas of forests from the 3rd year of planting;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii)</font>The Average Annual Increase (&#8220;IMA&#8221;), which consists of the estimated volume of wood with bark in m3 per hectare, calculated based on the genetic material applied in each region, silvicultural and forest management practices, productive potential, climatic factors and conditions of the ground;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv)</font>The average standard cost per estimated hectare includes expenditure on forestry and forest management applied to each year of the formation of the biological cycle of forests, plus the cost of land lease contracts and the opportunity cost of own land;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">v)</font>The average gross selling prices of eucalyptus were based on specialized surveys on transactions carried out by the Company with independent third parties and/or weighted by the cost of formation plus the cost of capital plus estimated margin for regions where there is no market reference available; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">vi)</font>The discount rate used in the cash flows is calculated based on the capital structure and other economic assumptions for an independent market participant for the sale of standing wood (forests).</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The table below shows the measurement of the assumptions used:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:center;text-indent:-14.2pt;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="height:0pt;position:relative;width:100%;"><div style="height:0.95pt;left:73.73%;max-width:26.27%;position:absolute;top:11.85pt;width:100.4pt;z-index:251674624;"><div style="height:0.95pt;left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:100.4pt;"><img src="tmb-20220408xex99d1011.jpg" alt="Graphic" style="height:0.95pt;width:100.4pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;text-indent:-14.2pt;margin:0pt;"><b style="font-weight:bold;">December 31, 2019</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Useful planted area (hectare) </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">988,720</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Mature assets </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">86,352</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Immature assets </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">902,368</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Average Annual increase (IMA) - m3/hectare/year </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">38.34</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Average selling price of eucalyptus - BRL/m3 </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">66.81</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;overflow:hidden;position:relative;text-align:justify;"><font style="padding-bottom:2.0pt;padding-right:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Discount rate - % </font></font><font style="display:block;height:1px;position:absolute;width:100%;z-index:0;">&#8204;</font><font style="float:right;padding-left:2.0pt;position:relative;text-indent:0pt;z-index:1;background:white;"><font style="display:inline-block;font-size:0pt;width:21.3pt;">&#160;</font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">8.4%</font></font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:36pt;white-space:nowrap;">vii.</font><a name="_Toc99038309"></a><a name="_Toc67165696"></a><b style="font-size:11pt;font-weight:bold;">Income Taxes - CPC 32 / IAS 12</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This pronouncement was amended and clarifies that the tax effects of income taxes on dividend distributions related to financial instruments classified in equity, must follow the classification of past transactions or events that generated distributable profits. This standard is applicable for all income tax purposes related to dividends, including distributions whose accounting treatments are similar to dividends, for example, interest on own capital. The Company evaluated the content of this pronouncement and did not identify any material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">viii.</font><a name="_Toc99038310"></a><a name="_Toc67165697"></a><b style="font-size:11pt;font-weight:bold;">Loan Costs - CPC 20 / IAS 23</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This statement has been amended and clarifies that if a specific loan remains outstanding after the corresponding qualifying asset is ready for use or sale, it will become part of general loans for purposes of determining borrowing costs eligible for capitalization in other qualifying assets., for which there are no specific loans. The Company evaluated the content of this pronouncement and did not identify any material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ix.</font><a name="_Toc99038311"></a><a name="_Toc67165698"></a><b style="font-size:11pt;font-weight:bold;">Business combination - CPC 15 / IFRS 3</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This pronouncement was amended and clarifies that obtaining control over a business that was previously a joint operation, under CPC 19 / IFRS 11, from the acquirer, is a business combination in stages (&#8220;step-acquisition&#8221;). Accordingly, the acquirer must remeasure the interest previously held in the joint operation at fair value on the acquisition date. The Company evaluated the content of this pronouncement and did not identify any material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">x.</font><a name="_Toc99038312"></a><a name="_Toc67165699"></a><b style="font-size:11pt;font-weight:bold;">Joint business - CPC 19 / IFRS 11</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This statement has been amended and clarifies that when an entity obtains joint control of a business that is a joint operation, it does not remeasure the interests previously held in that joint operation. The Company evaluated the content of this pronouncement and did not identify any material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">xi.</font><a name="_Toc99038313"></a><a name="_Toc67165700"></a><b style="font-size:11pt;font-weight:bold;">Benefits to Employees - CPC 33 / IAS 19</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">This pronouncement was amended and clarifies that, when an event of change, reduction or liquidation of a defined benefit plan occurs, the entity must update the previously used assumptions and remeasure the current service cost and net interest for the remaining period, after the modifications. The Company evaluated the content of this pronouncement and did not identify any material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">xii.</font><a name="_Toc99038314"></a><a name="_Toc67165701"></a><b style="font-size:11pt;font-weight:bold;">Investment in affiliate, subsidiary, and jointly controlled venture - CPC 18 (R2) / IAS 28</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">CPC 48 / IFRS 9 &#8211; Financial Instruments excluded from its scope equity interests in affiliates and joint ventures, which are accounted for using the equity method in accordance with CPC 18 (R2) / IAS 28. The amendment to CPC 18 (R2) / IAS 28 clarified that the aforementioned exclusion of scope in CPC 48 / IFRS 9 applies only to investment elements that are accounted for using the equity method. Accordingly, accounting for long-term financial instruments with an affiliate or joint venture that, in substance, form part of the net investment in those investees, but for which the equity method does not apply, must follow the requirements of the CPC 48 / IFRS 9. The Company evaluated the content of this pronouncement and did not identify material impacts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038315"></a><a name="_Toc67165705"></a><b style="font-size:11pt;font-weight:bold;">Significant effects of the adoption and change in accounting policies</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For the financial statements as of December 31, 2021 and 2020, the executive board understands that there were no significant effects from the adoption and changes in accounting policies and, therefore, they are comparable to each other.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The financial statements as of December 31, 2019 must be read together with the financial statements of the Company and Fibria for the fiscal year ended December 31, 2018, as their purpose is to provide an update on activities, events and circumstances significant in relation to those financial statements, as the executive board understands that there were significant effects of the changes in accounting practices resulting from the effects of the business combination with Fibria and, therefore, they are not comparable between each other.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc99038316"></a><a name="_Toc67165706"></a><b style="font-size:11pt;font-weight:bold;">Reservations and emphases present in the auditor&#8217;s opinion</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The officers inform that the independent auditors&#8217; report issued for the fiscal year ended December 31, 2021 does not contain any reservations or emphases and agree with the opinion expressed in this report.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The officers inform that the independent auditors&#8217; report issued for the fiscal year ended December 31, 2020 does not contain any reservations or emphases and agree with the opinion expressed in this report.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The officers inform that the independent auditors&#8217; report issued for the fiscal year ended December 31, 2019 does not contain any reservations, however, they contain emphasis and agree with the opinion expressed in these reports, the text of which is reproduced below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">&#8220;<i style="font-style:italic;">We draw attention to Note 3.2.2 to the financial statements, which describes that the individual and consolidated financial statements of December 31, 2019 are not comparable with the individual and consolidated financial statements of December 31, 2018. This fact occurs as a result of the completion of the business combination with Fibria Celulose S.A. (&#8220;Fibria</i>&#8221;) <i style="font-style:italic;">on January 3, 2019 (Note 1.2), and the subsequent merger of Fibria into Suzano on April 1, 2019. Our conclusion is not reserved with respect to that matter. </i>&#8220;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.5</font><a name="_Toc67165707"></a><a name="_Toc99038317"></a><a name="_TOC_250003"></a><b style="font-size:11pt;font-weight:bold;">Critical </b><b style="font-size:11pt;font-weight:bold;">Accounting Policies</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s officers consider an accounting policy critical when it requires Management to make judgments, estimates and set accounting assumptions regarding the future, the uncertainty of which may lead to results that require a significant adjustment to the carrying amount of certain assets, liabilities, revenue and expenses in future years. The assumptions used in the Company&#8217;s accounting estimates are continually reviewed and any change is recognized in the financial statements in the period in which such reviews are carried out.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s officers highlight below the following critical policies that contain information on judgments and assumptions and that have significant effects on the amounts recognized in the financial statements and that have a significant risk of resulting in a material adjustment:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i.</font><a name="_Toc99038318"></a><a name="_Toc67165708"></a><b style="font-size:11pt;font-weight:bold;">Fair value of financial instruments (derivatives and non-derivatives)</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a.</font><b style="font-weight:bold;">Financial instruments</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a.1.</font><b style="font-weight:bold;">Classification</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Financial instruments are classified based on the individual characteristics and management model of the instrument or the portfolio in which it is contained, whose measurement and presentation categories are:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font><font style="font-size:11pt;">amortized cost;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">ii)</font><font style="font-size:11pt;">fair value through comprehensive income;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">iii)</font><font style="font-size:11pt;">fair value through income.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Regular purchases and sales of financial assets are recognized on the trade date, that is, on the date on which the Company commits to buy or sell the asset. Financial instruments are derecognized when the rights to receive cash flows from the investments have expired or have significantly transferred all the risks and rewards of ownership.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(i)</font><a name="_Toc99038319"></a><a name="_Toc67165709"></a><b style="font-size:11pt;font-weight:bold;">Financial instruments measured at amortized cost</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These are financial instruments held by the Company (i) for the purpose of receiving its contractual cash flow and not for sale with profit or loss and (ii) whose contractual terms give rise, on specified dates, to cash flows that constitute, exclusively, payments of principal and interest on the outstanding principal amount. Its variations are recognized under the heading of financial result, net.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Comprises the balance of cash and cash equivalents, trade accounts receivable and other assets, classified as financial assets and the balance of loans, financing and debentures, lease payables, accounts payable for the acquisition of assets and subsidiaries, suppliers and other liabilities, classified as financial liabilities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(ii)</font><a name="_Toc99038320"></a><a name="_Toc67165710"></a><b style="font-size:11pt;font-weight:bold;">Financial instruments measured at fair value through comprehensive income</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These are financial assets held by the Company (i) both for the receipt of its contractual cash flow and for the sale with profit or loss and (ii) whose contractual terms give rise, on specific dates, to cash flows that constitute, exclusively, payments of principal and interest on the principal amount outstanding. Additionally, investments in equity instruments are classified in this category, in which, upon initial recognition, the Company chose to present subsequent changes in their fair value in other comprehensive income. Its variations are recognized in the financial result, net item, except for the fair value of investments in equity instruments, which are recognized in other comprehensive income.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Comprises the balance of the item other investments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(iii)</font><a name="_Toc99038321"></a><a name="_Toc67165711"></a><b style="font-size:11pt;font-weight:bold;">Financial instruments measured at fair value through income</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Financial instruments that are not measured at amortized cost or fair value through other comprehensive income are classified in this category. Their variations are recognized under the heading of financial result, net, for non-derivative financial instruments and under the heading of income from derivative financial instruments, for derivative financial instruments.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Comprises the balance of financial investments, classified as financial assets of derivative financial instruments, including embedded derivatives and stock options, classified as financial assets and liabilities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.2.</font><a name="_Toc99038322"></a><a name="_Toc67165712"></a><b style="font-size:11pt;font-weight:bold;">Offsetting of financial instruments</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Financial assets and financial liabilities are offset and the net amount is recorded in the balance sheet when there is (i) a legally enforceable right to offset the recognized amounts and (ii) an intention to settle them on a net basis, or to realize the asset and settle the passive simultaneously.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.3</font><a name="_Toc99038323"></a><a name="_Toc67165713"></a><b style="font-size:11pt;font-weight:bold;">Impairment of financial</b><font style="font-size:11pt;font-style:italic;"> </font><b style="font-size:11pt;font-weight:bold;">instruments</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(i)</font><a name="_Toc99038324"></a><a name="_Toc67165714"></a><b style="font-size:11pt;font-weight:bold;">Financial instruments measured at amortized cost</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Annually, the Company assesses whether there is evidence that the financial asset may be subject to impairment, and it is only recorded after verifying the result of one or more events that occurred after the initial recognition and impact the estimated future cash flows of the financial asset that can be reliably estimated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The criteria used to determine whether there is evidence of impairment loss include:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font><font style="font-size:11pt;">material financial difficulty of the issuer or borrower;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">ii)</font><font style="font-size:11pt;">event of default in the contract, such as default or late payment of interest or principal;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">iii)</font><font style="font-size:11pt;">when the Company, for economic or legal reasons relating to the borrower&#8217;s financial difficulty, grants the borrower a concession that the lender would not receive;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">iv)</font><font style="font-size:11pt;">it becomes probable that the borrower will file for bankruptcy or other financial reorganization;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">v)</font><font style="font-size:11pt;">the disappearance of an active market for that financial asset due to financial difficulties;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">vi)</font><font style="font-size:11pt;">observable data indicating that there is a measurable decrease in estimated future cash flows from a portfolio of financial assets since the initial recognition of those assets, although the decrease cannot yet be identified with the individual financial assets in the portfolio.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The amount of impairment loss is measured by the difference between the book value and the present value of estimated future cash flows discounted at the financial asset&#8217;s original interest rate. The carrying amount of the financial asset is reduced and the amount of the impairment loss is recognized in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In a subsequent measurement, if there is an improvement in the classification of the asset, such as, for example, an improvement in the debtor&#8217;s credit level, the reduction due to impairment previously recognized, must be reversed in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038325"></a><a name="_Toc67165715"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">(ii) </b></font>Financial assets measured at fair value through comprehensive income</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Annually, the Company assesses whether there is evidence that the financial asset may be subject to <i style="font-style:italic;">impairment.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For such financial assets, a material or prolonged reduction in the fair value of the security below its cost is evidence that the asset is impaired and the impairment loss, measured by the difference between the acquisition cost and the current fair value, less any loss previously recognized in other comprehensive income, shall be recognized in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;min-width:28.35pt;white-space:nowrap;">b.</font><a name="_Toc99038326"></a><a name="_Toc67165716"></a><b style="font-size:11pt;font-weight:bold;">Derivative financial instruments and hedging activities</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Derivative financial instruments are recognized at fair value on the date a derivative contract is entered into and, subsequently, are measured at their fair value, the variations of which are recorded in the income statement of derivative financial instruments, in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Derivative financial instruments embedded in non-derivative main contracts are treated as a separate derivative when their risks and characteristics are not intrinsically related to those of the main contracts and these are not measured at fair value through income.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For embedded derivative financial instruments that do not have an option feature, these are separated from their host contract in accordance with their express or implied substantive terms, so that the fair value is zero at initial recognition.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii.</font><a name="_Toc99038327"></a><a name="_Toc67165717"></a><b style="font-size:11pt;font-weight:bold;">Annual analysis of the recoverable value of non-financial assets</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a.</font><b style="font-weight:bold;">Fixed asset</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Measured at the cost of acquisition, formation, construction or restoration, net of recoverable taxes. This cost is deducted from accumulated depreciation and impairment, when applicable, which is the higher of the value between use and sale, less costs to sell. Borrowing and financing costs are recorded as part of the cost of property, plant and equipment in progress, considering the weighted average rate, adjusted for the equalization of foreign exchange effects, borrowings and financing in force on the capitalization date, in accordance with the Company&#8217;s policy.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Depreciation is recognized based on the estimated economic useful life of each asset using the straight-line method. Estimated useful lives, residual values and depreciation methods are reviewed annually and the effects of any changes in estimates are accounted for prospectively. Land is not subject to depreciation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company annually performs the analysis of signs of impairment of property, plant and equipment. The provision for impairment of property, plant and equipment is only recognized if the cash-generating unit (&#8220;CGU&#8221;) to which the asset is related is impaired. This condition also applies even if the asset&#8217;s recoverable amount is less than its carrying amount. The asset&#8217;s recoverable amount or CGU is the higher of its value in use and its fair value less costs to sell.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The cost of major renovations is capitalized when future economic benefits exceed the performance initially estimated for the asset and are depreciated over the remaining useful life of the related asset.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Other repair and maintenance costs are recognized in income when incurred.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Gains and losses on disposals of property, plant and equipment are measured by comparing the sale value and the residual book value and are recognized under other operating income (expenses), net, on the date of disposal.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b.</font><a name="_Toc99038328"></a><a name="_Toc67165718"></a><b style="font-size:11pt;font-weight:bold;">Intangible</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Intangible assets acquired are measured at cost upon initial recognition. Intangible assets acquired in a business combination have their cost defined as the fair value on the acquisition date. After </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">initial recognition, intangible assets are stated at cost, less accumulated amortization and impairment losses, when applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The useful life of an intangible asset is assessed as defined or indefinite.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Intangible assets with a finite useful life are amortized over their economic useful lives and evaluated in relation to impairment losses whenever there is evidence of loss of their economic value. The amortization period and method for an intangible asset with a finite useful life are reviewed at least at the end of each fiscal year. Amortization of intangible assets with a finite useful life is recognized in the income statement under the category of expense related to their use and consistent with the economic useful life of the intangible asset.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The amortization of contracts with suppliers and port services, port concessions, leasing agreements and cultivars are recorded in cost of sales, amortization with customer relationships in commercial expenses, amortization of trademarks and patents, non-compete agreement, research agreement and development and development and implementation of systems in administrative expenses, while software amortizations are recorded according to their use, which may be cost of sales, administrative or commercial expenses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment, individually or at the CGU level. The allocation is made to the CGU or group of CGUs that represents the lowest level within the entity, at which goodwill is monitored for management&#8217;s internal purposes, and which has benefited from the business combination. The Company records in this subgroup mainly goodwill for expected future profitability (<i style="font-style:italic;">goodwill</i>) and right of way.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The performance of the test involved the adoption of assumptions and judgments, disclosed in note 16 of the financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The impairment test of assets is performed annually based on the discounted cash flow method. In 2021, the Company&#8217;s budget, strategic and financial planning was used as a basis, with growth projections until 2026 and average perpetuity of the cash-generating unit considering a nominal rate of 3.14% per year from this date, based on in the history of recent years, as well as the economic and financial projections of each market in which the Company operates, impacts of potential climate changes, in addition to official information from independent and governmental institutions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The nominal discount rate, after taxes, used by Management to prepare the discounted cash flow was 8.50% per year, calculated based on the weighted average cost of capital (&#8220;<i style="font-style:italic;">Weighted Average Cost of Capital </i>&#8211; WACC&#8221;). Additionally, the assumptions presented in the following table were adopted: </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-3.0032883%;padding-left:3.5pt;padding-right:3.5pt;table-layout:auto;width:106%;" align="center"><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-weight:bold;">2022</b></p></td><td style="vertical-align:bottom;width:1.77%;border-bottom:1px solid transparent;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-weight:bold;">2023</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;border-bottom:1px solid transparent;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-weight:bold;">2024</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;border-bottom:1px solid transparent;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-weight:bold;">2025</b></p></td><td style="vertical-align:bottom;width:1.78%;border-bottom:1px solid transparent;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;"><b style="font-weight:bold;">2026</b></p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;">Average net pulp price &#8211; Foreign market (US$/ton)</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;border-top:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;border-top:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;border-top:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;border-top:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;border-top:1px solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;">Asia</p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">514.9</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">595.7</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">607.2</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">546.2</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">550.0</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;">Europe</p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">571.5</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">545.7</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">597.8</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">535.2</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">550.0</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;">North America</p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">613.4</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">592.6</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">649.2</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">581.2</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">597.3</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-3.0032883%;padding-left:3.5pt;padding-right:3.5pt;table-layout:auto;width:106%;" align="center"><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;">Latin America</p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">609.5</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">582.7</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">638.3</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">571.4</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">587.3</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;">Average net pulp price &#8211; Domestic market (US$/ton)</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">536.7</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">504.3</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">552.4</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">494.6</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">508.3</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;">Average exchange rate (BRL/US$.)</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">5.24</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">5.10</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">5.08</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">5.13</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">5.19</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;">Discount rate (after taxes)</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">8.50% pa</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">8.50% pa</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">8.50% pa</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">8.50% pa</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">8.50% pa</p></td></tr><tr><td style="vertical-align:bottom;white-space:normal;width:34.62%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><b style="font-weight:bold;">Discount rate (before taxes)</b></p></td><td style="vertical-align:bottom;white-space:normal;width:1.83%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.24%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">11.90% pa</p></td><td style="vertical-align:bottom;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.9%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">11.90% pa</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:10.92%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">11.90% pa</p></td><td style="vertical-align:bottom;white-space:normal;width:1.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:normal;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">11.90% pa</p></td><td style="vertical-align:bottom;width:1.78%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:right;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:11.68%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:right;margin:0pt;">11.90% pa</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii.</font><a name="_Toc99038329"></a><a name="_Toc67165719"></a><b style="font-size:11pt;font-weight:bold;">Annual analysis of the recoverable amount of taxes</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a.</font><b style="font-weight:bold;">Taxes to recover</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The realization of credits related to recoverable taxes will occur in accordance with the annual budget projection approved by the Company&#8217;s Management.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b.</font><a name="_Toc99038330"></a><a name="_Toc67165720"></a><b style="font-size:11pt;font-weight:bold;">Current and deferred income tax and social contribution</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Income taxes comprise income tax and social contribution on net income, current and deferred. These taxes are recognized in the income statement, except to the extent that they relate to items recognized directly in equity. In this case, they are recognized in equity under the equity valuation adjustment item.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The current charge is calculated based on tax laws enacted in the countries where the Company and its subsidiaries and affiliates operate and generate taxable income. Management periodically evaluates the positions taken in the income tax returns in relation to situations in which the applicable tax regulations give rise to interpretation and establishes provisions, when appropriate, based on the amounts that must be paid to the tax authorities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Deferred tax and contribution liabilities are recognized on temporary differences between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred taxes and contributions are determined based on the rates in effect at the balance sheet date and which must be applied when they are realized or when they are settled.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Deferred tax and contribution assets are recognized to the extent that it is probable that future taxable income will be available to be used to offset temporary differences, based on projections of future results prepared and based on internal assumptions and future economic scenarios that may, therefore undergo changes.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Deferred income tax and social contribution are recognized on temporary differences arising from investments in subsidiaries and affiliates, except when the timing of the reversal of temporary differences is controlled by the Company, and provided that it is probable that the temporary difference will not be reversed in a predictable future.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Deferred taxes and contributions assets and liabilities are offset by the net amount in the balance sheet whenever related to the same legal entity and the same tax authority.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The projection for the realization of deferred taxes of an active nature was prepared based on Management&#8217;s best estimates, which are based on significant assumptions, such as the average net sales price of pulp and paper and the transfer price with its subsidiary in Austria. However, there are other assumptions that are not under the control of the Company, such as inflation rates, exchange rates, pulp prices practiced in the international market and other economic uncertainties in Brazil, future results may differ from those considered in the preparation of the consolidated projection.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iv.</font><a name="_Toc99038331"></a><a name="_Toc67165721"></a><b style="font-size:11pt;font-weight:bold;">Fair value of biological assets</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Biological assets for production (mature and immature forests) are reforested eucalyptus forests, with a formation cycle from planting to harvest of approximately 7 (seven) years, measured at fair value less selling expenses. Depletion is measured by the amount of biological assets depleted (harvested) and measured at fair value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For determining the fair value, income approach technique was applied using the discounted cash flow model, according to the productivity cycle projected for these assets. The assumptions used in the measurement of fair value are reviewed every six months, as the Company considers that this interval is sufficient for there to be no significant lag in the fair value balance of biological assets recorded in the books. Significant assumptions are presented in Note 13 to the financial statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The gain or loss on the assessment of fair value is recognized under operating income (expenses), net.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Biological assets in development under 2 (two) years of age, kept in the accounts at their formation cost and areas of permanent environmental preservation, which are not recorded in the books, as they are not characterized as biological assets, are not included in the measurement at fair value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The calculation of the fair value of biological assets falls within level 3 of the hierarchy established in CPC 46/IFRS 13 &#8211; Measurements of Fair Value, due to the complexity and structure of the calculation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The main assumptions Average Annual Increase (&#8220;IMA&#8221;), discount rate and average gross selling price of eucalyptus stand out as being the most sensitive, where increases or decreases generate relevant gains or losses in the measurement of fair value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The assumptions used in measuring the fair value of biological assets were:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font><font style="font-size:11pt;">Average cycle of forest formation of 6 and 7 years;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">ii)</font><font style="font-size:11pt;">Useful areas planted with forests from the 3rd year of planting;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">iii)</font><font style="font-size:11pt;">The IMA that consists of the estimated volume of wood with bark in m3 per hectare, calculated based on the genetic material applied in each region, silvicultural practices and forest management, productive potential, climatic factors and soil conditions;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">iv)</font><font style="font-size:11pt;">The average standard cost per estimated hectare includes expenditure on forestry and forest management applied to each year of the formation of the biological cycle of forests, plus the cost of land lease contracts and the opportunity cost of own land;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">v)</font><font style="font-size:11pt;">The average gross sales prices of eucalyptus were based on surveys specialized in transactions carried out by the Company with independent third parties; and</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">vi)</font><font style="font-size:11pt;">The discount rate used in the cash flows is calculated based on the capital structure and other economic assumptions for an independent market participant for the sale of standing wood (forests).</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The measurement of the consolidated assumptions used is presented below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:-7.1pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:99.87%;background:#ffffff;"><tr style="height:26.25pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.13%;background:#ffffff;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">December 31,</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">December 31,</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">2020</b></p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Useful planted area (hectare)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">1,060,806</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">1,020,176</p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Mature assets</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">138,739</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">111,866</p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Immature assets</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">922,067</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">908,310</p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Average Annual Increase (IMA) - m <sup style="font-size:7.5pt;vertical-align:top;">3 </sup>/hectare/year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">37.58</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">38.43</p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Average selling price of eucalyptus - BRL/m <sup style="font-size:7.5pt;vertical-align:top;">3</sup></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">76.38</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">70.22</p></td></tr><tr style="height:15.75pt;"><td style="vertical-align:bottom;white-space:nowrap;width:57.46%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Discount rate - %</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.21%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;white-space:nowrap;width:19.13%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">8.9%</b></p></td><td style="vertical-align:top;width:1.69%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:19.5%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;">8.9%</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">v.</font><a name="_Toc99038332"></a><a name="_Toc67165722"></a><b style="font-size:11pt;font-weight:bold;">Useful life of property, plant and equipment and intangible assets with defined useful life</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The useful life of property, plant and equipment items is defined in accordance with the specifications of the manufacturers of machinery, equipment and installations, at the level of operation of industrial plants and for preventive and corrective maintenance, by independent appraisers for real estate. Depreciation is recognized based on the estimated economic useful life of each asset using the linear method. Estimated useful lives, residual values and depreciation methods are reviewed annually and the effects of any changes in estimates are accounted for prospectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Intangible assets with a finite useful life are amortized over their economic useful lives and evaluated in relation to impairment losses whenever there is evidence of loss of their economic value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the event of events or changes in circumstances that indicate that the carrying amount of an asset or group of assets may not be recoverable based on future cash flows, Management will prospectively adjust the balance to its recoverable amount.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vi.</font><a name="_Toc99038333"></a><a name="_Toc67165723"></a><b style="font-size:11pt;font-weight:bold;">Provisions, contingent assets and liabilities</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Contingent assets are not recorded. Recognition is only carried out when there are security interests (<i style="font-style:italic;">garantias reais</i>) or favorable court decisions, when the economic benefits arising from lawsuits are practically certain and whose value can be reliably measured. Contingent assets assessed as probable successes are disclosed in an explanatory note, when material.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">A provision is recognized to the extent that the Company expects to disburse cash flows, which can be reliably measured. Tax, civil, environmental and labor proceedings are provisioned when losses are assessed as probable and the amounts involved are measured with sufficient certainty, being recorded net of judicial deposits. When the expectation of loss in these proceedings is possible, a description of the proceedings and amounts involved is disclosed in the explanatory notes. Contingent liabilities assessed as remote loss are neither provisioned nor disclosed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Contingent liabilities of business combinations are recognized if they arise from a present obligation that arose from past events and if their fair value can be measured reliably. They are measured at the highest value between:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font><font style="font-size:11pt;">the amount that would be recognized under the provisions accounting policy described above; or</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">ii)</font><font style="font-size:11pt;">the amount initially recognized, less, when applicable, the revenue recognized in accordance with the revenue recognition policy for customer contracts.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">vii.</font><a name="_Toc99038334"></a><a name="_Toc67165724"></a><b style="font-size:11pt;font-weight:bold;">Employee benefits</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company offers benefits related to the supplementary defined contribution pension plan to all employees and medical assistance and life insurance for a certain group of former employees, and, for the last two benefits actuarial studies are prepared annually by an independent professional and are reviewed by the Management. Such commitments and costs are subject to economic and demographic assumptions, among which the most relevant are: discount rates and growth rate of medical costs, which imply a certain degree of judgment regarding the assumptions adopted.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These and other estimates are reviewed annually by independent professionals and may differ from actual results due to changes in market and economic conditions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Measurements, which comprise actuarial gains and losses, are recognized under the equity valuation adjustment item when incurred. Interest incurred as a result of changes in the present value of actuarial liabilities is recorded under financial expenses in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">viii.</font><a name="_Toc99038335"></a><a name="_Toc67165725"></a><b style="font-size:11pt;font-weight:bold;">Share-based payment</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s executives and managers receive a portion of their compensation through share-based payment plans with cash settlement and in shares, with an alternative of cash settlement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Expenses with the plans are recognized in profit or loss against a financial liability, during the vesting period when the services are received. The financial liability is measured at its fair value at each balance sheet date and its change is recognized under administrative expenses in the income statement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On the date the option is exercised and in the event that such options are exercised by the executive to receive the Company&#8217;s shares, the financial liability is reclassified to the stock options granted </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">under net equity. In the case of exercising the option in cash, the Company settles the financial liability in favor of the executive.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ix.</font><a name="_Toc99038336"></a><a name="_Toc67165726"></a><b style="font-size:11pt;font-weight:bold;">Control, significant influence and consolidation</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">a.</font><a name="_Toc99038337"></a><a name="_Toc67165727"></a><b style="font-size:11pt;font-weight:bold;">Consolidated financial statements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The financial statements are drafted using information from Suzano and its subsidiaries on the same base date, as well as consistent accounting policies. The Company consolidates all the subsidiaries over which it has direct or indirect control, that is, when it is exposed or has rights to variable returns on its investment with the investee and has the ability to direct the relevant activities of the investee.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Additionally, all transactions and balances between Suzano and its subsidiaries, affiliates and jointly-controlled investments were eliminated in the consolidation, as well as the unrealized profits or losses arising from these transactions, net of tax effects, the investments and the respective results of equity equivalence.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The participation of non-controlling shareholders is highlighted.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">b.</font><a name="_Toc99038338"></a><a name="_Toc67165728"></a><b style="font-size:11pt;font-weight:bold;">Investments in subsidiaries</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">They are all entities whose financial and operating activities may be conducted by the Company and in which there is normally an equity interest of more than half of the voting rights. The Company controls an entity when it is exposed or is entitled to variable returns arising from its involvement with the entity and has the ability to interfere in these returns due to the power it exercises over the entity.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Controlled entities are consolidated from the date on which control is obtained until the date on which such control ceases to exist.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">c.</font><a name="_Toc99038339"></a><a name="_Toc67165729"></a><b style="font-size:11pt;font-weight:bold;">Investments in joint operations</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">These are all entities in which the Company maintains the contractually established shared control over its economic activity and which exists only when the strategic, financial and operational decisions related to the activity require the unanimous consent of the parties that share control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In preparing the consolidated financial statements, the balances of assets, liabilities, revenue and expenses are recognized proportionately in relation to the interest in the joint operation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">d.</font><a name="_Toc67165730"></a><a name="_Toc99038340"></a><b style="font-size:11pt;font-weight:bold;">Investments in associates and joint </b><b style="font-size:11pt;font-weight:bold;">ventures</b><b style="font-size:11pt;font-weight:bold;"> </b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;font-weight:normal;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">They are initially recognized at cost and, subsequently, adjusted by the equity method, being increased or reduced by their share in the investee&#8217;s results after the acquisition date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In investments in associates, the Company exercises significant influence, which is the power to participate in decisions about the investee&#8217;s financial and operating policies, but without individual or joint control over these policies. In joint ventures, there is a contractually agreed </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">sharing of business control, in which decisions on relevant activities require the unanimous consent of the parties sharing control.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In relation to the associates Ensyn and Spinnova, equity is measured based on the latest information available and does not have a material effect on the consolidated result and, if any significant event had occurred until December 31, 2021, the effect would be adjusted in the consolidated financial statement. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;font-weight:normal;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">x.</font><a name="_Toc99038341"></a><a name="_Toc67165731"></a><b style="font-size:11pt;font-weight:bold;">Revenue recognition</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Revenue from contracts with customers is recognized as control of the products is transferred to the customers, represented by the ability to determine the use of the products and to obtain substantially all of the remaining benefits from the products.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For this, the Company uses the 5-step model: (i) identification of contracts with customers (ii) identification of performance obligations provided in the contracts (iii) determination of the transaction price (iv) allocation of the transaction price to the obligation performance requirements provided in the contracts and (v) recognition of revenue when the performance obligation is met.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For the Pulp operating segment, revenue recognition is based on the parameters provided by (i) the corresponding International Trade Terms (&#8220;<i style="font-style:italic;">Incoterms</i>&#8221;), when destined for the foreign market and (ii) transit time (&#8220;<i style="font-style:italic;">lead time</i>&#8221;) , when destined for the domestic market.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">For the Paper and Consumer Goods operating segments, revenue recognition is based on the parameters provided by (i) the corresponding International Trade Terms (&#8220;<i style="font-style:italic;">Incoterms</i>&#8221;) and (ii) the transit time (&#8220;<i style="font-style:italic;">lead time</i>&#8221;) and are products destined to the external and internal markets.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">They are measured at the fair value of the consideration received or receivable, net of applicable taxes, returns, rebates and discounts and recognized in accordance with the accrual basis of accounting, when the amount is reliably measured.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Accumulated experience is used to estimate and record provisions for rebates and discounts using the estimated value method. Revenue is recognized only to the extent that it is highly probable that a significant reversal will not occur. A provision for reimbursement (included in trade accounts receivable) is recognized for estimated rebates and discounts payable to customers in connection with sales made up to the end of the year. Sales are made in the short term, therefore, they do not have a financing nature and are not discounted to present value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;font-weight:normal;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">xi.</font><a name="_Toc99038342"></a><a name="_Toc67165732"></a><b style="font-size:11pt;font-weight:bold;">Expected credit losses</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company uses the matrix of provisions by maturity with the appropriate grouping of its portfolio. When necessary, based on individual analysis, the provision for expected loss is supplemented.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The maturity position of the customer portfolio is analyzed on a monthly basis and, for customers with overdue balances, a specific assessment is carried out for each one, considering the risk of loss involved, the existence of contracted insurance, letters of credit, security interests (<i style="font-style:italic;">garantias </i></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><i style="font-style:italic;">reais</i>) and the financial situation. In the event of default, collection efforts are made through direct contact with customers and collection through third parties. If these efforts are not sufficient, legal measures are considered and an expected credit loss is recorded as a contra entry to selling expenses in the income statement. The securities are written off against the provision, as Management considers that they are no longer recoverable after taking all appropriate measures to receive them.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:11pt;font-weight:normal;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">xii.</font><a name="_Toc99038343"></a><a name="_Toc67165733"></a><b style="font-size:11pt;font-weight:bold;">Provision for inventory losses</b><b style="font-size:11pt;font-weight:bold;"> </b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Provisions for losses, adjustments to net realizable value, deteriorated items and slow moving inventories are recorded when necessary. Normal production losses are part of the production cost for the respective month, while abnormal losses, if any, are recorded directly under cost of goods sold without transiting through inventories.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.6</font><a name="_TOC_250002"></a><a name="_Toc99038344"></a><a name="_Toc67165734"></a><b style="font-size:11pt;font-weight:bold;">Material items not disclosed in the financial </b><b style="font-size:11pt;font-weight:bold;">statements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">the assets and liabilities held by the Company, either directly or indirectly, that do not appear on its balance sheet (off-balance sheet items)</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The officers inform that the Company does not have any material assets or liabilities that are not reflected in the Company&#8217;s consolidated financial statements for the fiscal years ended December 31, 2021, 2020 and 2019. All of its interests and relationships with subsidiaries are disclosed in the Consolidated Financial Statements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(i)</font><a name="_Toc67165735"></a><a name="_Toc99038345"></a><b style="font-size:11pt;font-weight:bold;">operating leases, </b><b style="font-size:11pt;font-weight:bold;">as lessor and lessee</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s Officers clarify that there are no operating leases, as lessor and lessee that are not evidenced in the balance sheets (off-balance sheet items) of the Company for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(ii)</font><a name="_Toc99038346"></a><a name="_Toc67165736"></a><b style="font-size:11pt;font-weight:bold;">receivables portfolios written off on which the entity maintains risks and responsibilities, indicating the respective liabilities</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s Officers clarify that there are no receivables portfolios written off over which the entity maintains risks and responsibilities not evidenced in the Company&#8217;s balance sheets for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(iii)</font><a name="_Toc99038347"></a><a name="_Toc67165737"></a><b style="font-size:11pt;font-weight:bold;">contracts for the future purchase and sale of products or services</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the normal course of its business, the Company enters into long-term agreements of the type <i style="font-style:italic;">take or pay </i>with chemical, electric power, transportation and natural gas suppliers. The contracts provide for termination clauses and suspension of supply due to non-compliance with essential obligations. Generally, the Company acquires the minimum contractually agreed upon and for this reason there are no liabilities recorded in addition to the amount that is recognized monthly. For the fiscal year ended December 31, 2021, these long-term commitments totaled BRL13,488,327 per year (BRL12,429,229 per year as of December 31, 2020 and BRL7,335,609 per year as of December 31, 2019).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(iv)</font><a name="_Toc99038348"></a><a name="_Toc67165738"></a><b style="font-size:11pt;font-weight:bold;">unfinished construction contracts</b></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s Officers clarify that there are no unfinished construction contracts applicable to the Company, provided in CPC 17 (R1) - Construction Contracts, for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(v)</font><a name="_Toc99038349"></a><a name="_Toc67165739"></a><b style="font-size:11pt;font-weight:bold;">contracts for future financing receipts</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Company&#8217;s Officers clarify that there are no contracts for future financing receipts in the Company&#8217;s balance sheets for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038350"></a><a name="_Toc67165740"></a><b style="font-size:11pt;font-weight:bold;">other items not shown in the financial statements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Not applicable, as the Company&#8217;s officers inform that there are no material items not evidenced in the Company&#8217;s financial statements for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;text-align:justify;text-indent:0pt;margin:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">10.7</font><a name="_Toc99038351"></a><a name="_Toc67165741"></a><b style="font-size:11pt;font-weight:bold;">Comments on items not disclosed in the financial statements: a) how such items change or may change revenues, expenses, operating results, financial expenses or other items in the Company&#8217;s financial statements; b) nature and purpose of the transaction; c) nature and amount of obligations assumed and rights generated in favor of the issuer as a result of the transaction.</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(i)</font><b style="font-weight:bold;">Operating leasing agreements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s Officers clarify that there are no operating leases, as lessor and lessee that are not evidenced in the balance sheets (<i style="font-style:italic;">off-balance sheet items</i>) of the Company for the fiscal years ended December 31, 2021, 2020 and 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(ii)</font><font style="font-style:italic;font-weight:bold;">Take-or-pay</font><b style="font-weight:bold;"> Agreements</b><font style="font-style:italic;font-weight:bold;"> </font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-style:italic;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">In the normal course of its business, the Company enters into long-term take or pay agreements with suppliers of chemical products, electricity, transport and natural gas, as described in note 24 of the financial statements for the fiscal year ended December 31, 2020. The contracts provide for termination clauses and suspension of supply due to non-compliance with essential obligations. Generally, the Company acquires the minimum contractually agreed upon and for this reason there are no liabilities in addition to the amount that is monthly recognized. For the fiscal year ended December 31, 2021, these long-term commitments totaled BRL13,488,327 per year (BRL12,429,229 per year as of December 31, 2020 and BRL7,335,609 per year as of December 31, 2019).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc67165742"></a><a name="_Toc99038352"></a><a name="_TOC_250001"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">10.8 </b></font>Business plan</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">a)</font><a name="_Toc99038353"></a><a name="_Toc67165743"></a><b style="font-size:11pt;font-weight:bold;">Investments, including: (i) quantitative and qualitative description of investments in progress and planned investments; (ii) sources of investment financing; and (iii)</b><font style="font-size:11pt;font-weight:normal;"> </font><b style="font-size:11pt;font-weight:bold;">relevant divestments in progress and expected divestments.</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The Statutory Executive Board of Officers reaffirms its long-term profitability strategy and remains committed to execution with a focus on performance combined with innovation, sustainability and operational excellence in order to consolidate its position as one of the most </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">profitable and competent forest-based business organizations in the sector and sustainability in its operations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Suzano seeks continuous evolution, through the adoption of a set of measures and innovations that lead the Company to present consistent economic and financial results. Cash generation in recent years has allowed significant advances in the execution of the Company&#8217;s strategy of creating value in a sustainable manner.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">We took important steps in the strategy of adjacent businesses, which seeks new uses of our asset base, diversifying our products into more profitable and scalable businesses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">i)</font>Consumer goods; Structural Competitiveness of Pulp and Expansion of the Forestry Base<i style="font-style:italic;">: </i>Representing an evolution of the Company&#8217;s market positioning in the consumer goods segment and the strengthening of its structural competitiveness in pulp production, attesting to Suzano&#8217;s commitment to the financial discipline established in its Financial Debt Policy. According to a Material Fact disclosed on December 19, 2019, on the same date, investments in the state of Esp&#237;rito Santo were approved by the Company&#8217;s Board of Directors, totaling BRL 933,400,000.00 (nine hundred and thirty-three million and four hundred thousand reais), as detailed below, whose realization is subject to the approval of the same projects by the Government of the State of Esp&#237;rito Santo, pursuant to State Law No. 11,001/2019, as amended, and State Decree No. 4,524/2019. Once such approvals are obtained, the projects will be financed by the monetization of ICMS credits held by the Company, under the terms of the same legal instruments:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(1)</font>construction of a conversion plant for the production of toilet paper and paper towels, with a capacity of 30,000 (thirty thousand) tons per year, with total investments estimated at BRL 130,000,000.00 (one hundred and thirty million reais) and a term of planned implementation of 11 (eleven) months, counted from the obtaining of the applicable licenses and approvals;</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(2)</font>retrofit at the pulp production plant located in Aracruz, involving the replacement of parts of the recovery boiler and the installation of a crystallization system, with total investments estimated at BRL 272,400,000.00 (two hundred and seventy-two million, four hundred thousand reais), with an expected execution period of 25 (twenty-five) months; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(3)</font>development of a forest base involving the acquisition of properties, leases of land and plantations in a total estimated value of BRL 531,000,000.00 (five hundred and thirty-one million reais) with an estimated term of execution of the investment of 24 (twenty-four) months from the date of obtaining the applicable licenses and approvals. The investments do not affect the Company&#8217;s cash flow and the disbursements of investments identified in items 2 and 3 above are already included in the CAPEX estimate for 2020.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">ii)</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">CAPEX 2021</u><i style="font-style:italic;">: </i>As shown in the table below, the Company expects a CAPEX of BRL13.6 billion for the fiscal year 2022, of which BRL5.0 billion refer to maintenance, BRL7.3 billion refer to the Cerrado Project was developed and the balance, in the total amount of BRL1.3 billion, comprises investments in expansion, modernization and others in order to benefit the efficiency of the operation.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.034336%;table-layout:auto;width:104.06%;" align="center"><tr style="height:31pt;"><td style="color:#ffffff;vertical-align:middle;width:24.99%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">CAPEX</b></p><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">(BRL billion)</b></p></td><td style="color:#ffffff;vertical-align:middle;width:24.99%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:middle;width:25%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2021</b><sup style="font-family:'Times New Roman','Times','serif';font-size:8.25pt;font-weight:bold;vertical-align:top;">1</sup></p></td><td style="color:#ffffff;vertical-align:middle;width:25%;background:#001f5f;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">2022</b></p></td></tr><tr style="height:28.25pt;"><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Maintenance</font></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.4</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4.7</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5.0</font></p></td></tr><tr style="height:28.35pt;"><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Expansion, Modernization, Port </font></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.4</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.5</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.6</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.034336%;table-layout:auto;width:104.06%;" align="center"><tr><td style="vertical-align:top;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Terminals, and Others</font></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:28.25pt;"><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Lands and Forests</font></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.4</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.4</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.7</font></p></td></tr><tr style="height:28.35pt;"><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Cerrado Project</font></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.7</font></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.3</font></p></td></tr><tr style="height:28.35pt;"><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td><td style="vertical-align:middle;width:24.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">4.2</b></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.3</b></p></td><td style="vertical-align:middle;width:25%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">13.6</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;margin:0pt;"><sup style="font-size:8.25pt;vertical-align:top;">1 </sup>As published in the 4Q21 earnings release.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">iii)</font><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Divestment</u>: Pursuant to the Notice to the Market released on December 12, 2019, on the same date, the Company entered into the Contract for the Purchase and Sale of Standing Forests and Other Covenants with Klabin S.A. (&#8220;Klabin&#8221;) , through which the Company sold and Klabin purchased standing eucalyptus forests, located in the southern region of the state of S&#227;o Paulo, totaling approximately 14 thousand hectares of planted forests (&#8220;Forest Sale Transaction&#8221;) , which currently constitute non-operating assets of the Company, totaling approximately BRL400 million reais (four hundred million reais). Payment will be made in proportion to the volume of forest harvested and will take place between 2020 and 2026. According to the Notice to the Market published by the Company on November 20, 2020, on January 5, 2021 the Company concluded the sale transaction of 21,066 (twenty-one thousand and sixty-six) hectares of rural property located in the central region of the state of S&#227;o Paulo (by sale of land, assignment of lease agreement and acquisition of additional wood volume) to Bracell SP Celulose Ltda. and Turvinho Participa&#231;&#245;es Ltda., receiving the purchase price of BRL 1,056,754,950.00 (one billion, fifty-six million, seven hundred and fifty-four thousand, nine hundred and fifty reais. The above operations are in line with the qualification plan of the Company&#8217;s leverage disclosed to the market, evidencing Suzano&#8217;s financial discipline in complying with its Financial Debt Policy.</div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">On the main investments already made, for more information, see Section 10.3. The assumptions taken into account by the Company are subject to risks and uncertainties that could cause such expectations not to materialize or to be substantially different from what was expected. For more information on the risks to which the Company is subject, see items 4 and 5 of the Reference Form.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038354"></a><a name="_Toc67165744"></a><b style="font-size:11pt;font-weight:bold;">Acquisitions already disclosed of plants, equipment, patents or other assets that may materially influence the Company&#8217;s production capacity</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fibria</u>: On January 14, 2019, a transaction was concluded that resulted in the Company owning all the shares issued by Fibria Celulose S.A. (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fibria</u>&#8221;) which, on April 1, 2019, was merged into the Company. The Operation sought to create a solid company, owner of first-rate assets, strategically located, capable of efficiently supplying customers on all continents with its products. As estimated by Management, in 2020, the curve to capture gains from operating synergies estimated as a result of the business combination with Fibria was completed, which reached estimated gains, on a recurring basis, of BRL 1.3 billion per year (before taxation). The operational synergies were obtained with the reduction of costs, expenses, capital investments and indirect taxes, deriving from the areas of supplies, forestry, industrial, logistics, commercial, administrative and personnel, allowing Suzano to consolidate its position in the international market as the lowest cost producer in the pulp industry.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc99038355"></a><a name="_Toc67165745"></a><b style="font-size:11pt;font-weight:bold;">New products and services, indicating (i) description of ongoing research already disclosed; (ii) total amounts spent by the Company on research for the development of new </b></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-right:0pt;text-align:justify;text-indent:0pt;"><b style="font-size:11pt;font-weight:bold;">products or services; (iii) projects under development already disclosed; and (iv) total amounts spent by the Company on the development of new products or services</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The breadth of new businesses that innovate and break paradigms contributes to the Company&#8217;s growth with investments in highly profitable and scalable projects, and helps to build avenues for diversification, creating sustainable value.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><i style="font-style:italic;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Tissue</i>: In 2017, Suzano started the operation of the Consumer Goods Unit with the start of activities in the tissue<i style="font-style:italic;"> </i>segment<i style="font-style:italic;"> </i>(mainly, paper for sanitary purposes), with production of rolls and finished product at the units of Imperatriz (MA) and Mucuri (BA), with an installed production capacity of 120 thousand tons per year of tissue rolls, with the maximum conversion capacity for finished product covered by the project is 60 thousand tons per year. Each manufacturing unit has the same installed production capacity, with a total investment estimated at BRL540 million. This initiative allows Suzano to find a structural tax solution (monetization of ICMS credits), demonstrating our operational competitiveness, as a result of the paper machine being integrated with the pulp unit and of being present in more than 80% of the cash and logistics costs.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">FACEPA - F&#225;brica de Papel da Amaz&#244;nia S.A., merged into the Company on December 31, 2020, had been acquired in March 2018, in addition to Suzano&#8217;s objective of expanding its activities to markets for products adjacent to pulp. FACEPA had units in Bel&#233;m (PA) and Fortaleza (CE) and the total investment in the acquisition was BRL 310 million, subject to adjustments. With the acquisition, Suzano became one of the largest tissue paper manufacturers in Brazil, with a prominent position in the North and Northeast regions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Also, according to the Material Fact disclosed on December 19, 2019, in 2020, through the monetization of ICMS credits held by the Company, a conversion plant for the production of toilet paper and paper towels was built in the city of Cachoeiro do Itapemirim (ES), with a capacity of 30,000 (thirty thousand) tons per year.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Lignina</u>: In the line of development of new products and processes, Suzano continually invests in the search for technologies capable of adding value to its current business. The start of lignin production at the Limeira Unit (SP) is scheduled for 2020. With a capacity of 20 thousand tons per year, the Company will start to operate in the kraft lignin segment and in a new technological frontier of the industry. Lignin can be used as a raw material from a renewable source to replace petroleum-derived chemicals in various value-added applications. Suzano is the first producer of kraft lignin and derivatives in Latin America and the first in the world to produce lignin from planted and certified eucalyptus forests, which will open up unique opportunities for exploiting the identified potential.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">New Products</u>: We have also invested in other research projects using our biomass and Pulp as raw material for new products. In this scope, we have a partnership with Ensyn, a company based in the United States in which Suzano has a shareholding since 2012, for biopetroleum production projects. In 2020, we supported the product development process in co-processing applications in refineries and worked on the assessment of business models and projects.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">Development of applications and products from the production of microfibrillated Pulp is another line of research and business development at Suzano. In addition to using this product in paper </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">and consumer goods, Suzano has developed applications in different markets, such as paints, fiber cement, cosmetics, cleaning products, hygiene, among others.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Spinnova</u>: One of the applications developed from the production of microfibrillated Pulp was in the textile industry. Today, Suzano holds a 19% equity stake in Spinnova, a Finnish materials innovation startup. In 2021, Suzano announced the creation of the JV with Spinnova, jointly investing 22 million euros in the construction of the first SPINNOVA&#174; production unit on a commercial scale. The factory will be located in Jyv&#228;skyl&#228;, Finland, where Spinnova &#8216;s Research and Development (R&amp;D) center and pilot plant are located. Spinnova &#8216;s sustainable fiber, created from wood and waste without the use of harmful chemicals, will be available to global textile brands in 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_TOC_250000"></a><a name="_Toc67165746"></a><a name="_Toc99038356"></a></b>10.9 Additional factors with relevant influence</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Analysis of the impacts of the COVID-19 pandemic on the Company&#8217;s activities</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">The Company&#8217;s operations, as well as the operations of companies directly or indirectly controlled by the Company, were impacted by the COVID-19 pandemic.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">However, Suzano has been taking preventive and mitigating measures in line with the guidelines established by national and international health authorities in order to minimize, as much as possible, possible impacts arising from the pandemic of COVID-19, popularly known as the new coronavirus, with regard to the safety of people and the continuity of their business.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">The company&#8217;s actions are based on three pillars:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">(1) Personal: with the objective of providing security to its employees and third-parties, Suzano adopted a series of measures and procedures to minimize their exposure to the new coronavirus. Regarding the protection of people. It is also worth mentioning the Company&#8217;s decision to maintain all direct jobs and the anticipation of 50% of the Christmas bonus (13&#186; sal&#225;rio) for all employees;</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">(2) Society: Suzano currently understands its responsibility to the communities in which it operates and based on its guideline &#8220;It is only good for us, if it is good for the world&#8221;. In that regard. since the beginning of the pandemic until now, the Company adopted a series of measures to protect society. These include:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><div style="margin-top:4.69pt;"></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(i)</font><font style="font-size:11pt;">Donation of toilet paper, napkins and disposable diapers produced by the Company to regions in need.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(ii)</font><font style="font-size:11pt;">Donation of 159 respirators and 1 million hospital masks for donation to the Federal and State Governments.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(iii)</font><font style="font-size:11pt;">Participation in the joint action with Positivo Tecnologia, Klabin, Flextronics and Embraer, in support of the Brazilian company Magnamed, in the production of respirators that were delivered to the Federal Government. The disbursement made by Suzano in this action was BRL 9 million.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(iv)</font><font style="font-size:11pt;">Construction of a field hospital in Teixeira de Freitas (BA) together with Veracel, which has already been delivered to the state government and opened in July 2020.</font></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(v)</font><font style="font-size:11pt;">Establishment of a partnership with Fatec de Cap&#227;o Bonito for the production of gel alcohol.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(vi)</font><font style="font-size:11pt;">Loan of forklifts to handle donations received by the Red Cross.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(vii)</font><font style="font-size:11pt;">Preservation of all direct jobs.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(viii)</font><font style="font-size:11pt;">Maintenance, for 90 days (until the end of June 2020) of the payment of 100% of the payroll cost of workers of service providers who had their activities suspended as a result of the pandemic, aiming at the consequent preservation of jobs.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(ix)</font><font style="font-size:11pt;">Creation of the support program for small suppliers, a social program to support small farmers to sell their products through the home delivery system in 38 communities supported by the Suzano Rural and Territorial Development Program (</font><i style="font-size:11pt;font-style:italic;">Programa de Desenvolvimento Rural e Territorial da Suzano</i><font style="font-size:11pt;"> - &#8220;PDRT&#8221;) in 5 states and a social program with the objective of making 125,000 masks in communities for donation in 5 states.</font></div><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:4.69pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">(x)</font><font style="font-size:11pt;">Launch of the support program for its portfolio of small and medium-sized paper customers called &#8220;Tamo Junto&#8221; with the objective of ensuring that these companies have the financial and management capacity to resume activities. The disbursements made to carry out the social actions implemented by Suzano amounted to BRL49 million until December 31, 2020. It is also important to note that another BRL 136 million was spent to adapt our operation to the current scenario of combating the Coronavirus (see note 30 &#8211; Result by Nature of the Financial Statements).</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">(3) Business continuity: to date, the Company continues with its normalized operations and a crisis management committee has been implemented and remains active. The pulp and paper sector was recognized by the World Health Organization (&#8220;WHO&#8221;), as well as by several countries, as a producer of essential goods for society. Therefore, in order to fulfill the responsibility arising from the essentiality of the business, Suzano took measures to ensure, to the greatest possible extent, operational normality and full service to its customers, increasing the level of wood and raw material inventories in the factories and advancing their finished product inventories, bringing them closer to their customers to mitigate possible risks of disruption in the supply chain of the factories and the sale of their products. The current situation resulting from the new coronavirus also implies a greater credit risk, especially for its customers in the paper business. Therefore, the Company has also been monitoring the evolution of this risk and implementing measures to mitigate it, and so far, there has been no significant financial impact.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">Due to the social isolation measures adopted in Brazil and in several countries around the world, causing the closure of schools and offices, for example, the demand for printing and writing paper was reduced. In view of this situation, as announced by paper producers in several countries around the world, Suzano decided to temporarily reduce its paper production volume. As previously disclosed in the quarterly information for the period ended March 31, 2020, the Company carried out a temporary production stoppage in the paper production lines at the Mucuri and Rio Verde factories, however, the activities of the factories were resumed at the beginning of the month of July 2020.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:4.69pt 0pt 0pt 0pt;">Finally, it is opportune to inform that, as a result of the current scenario, the Company has made and maintained a vast communication effort to increase even more the interaction with its main stakeholders, with the objective of guaranteeing the adequate transparency and flow of </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">information with the same in a timely manner to the dynamics of the social and economic situation. All the main communications made by the Company to update its measures and activities in the context of COVID-19 are available on the Company&#8217;s Investor Relations website. Additionally, the Company created a page, where it discloses all its actions related to COVID19, called https://www.suzanocontraocoronavirus.com.br.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The adverse consequences of the current pandemic occurred (and continue to occur) after the issuance of the Company&#8217;s financial statements for the fiscal year ended December 31, 2020, probably remaining after the publication of the Company&#8217;s quarterly financial information for the period of three months ended March 31, 2021 and, as these are recent events, up to the date of this Reference Form, there will be no additional information available for the Company to carry out an assessment of the impact of the COVID-19 pandemic on its business, in addition to the weights presented in this item 10.9 and in items 4.1, 7.1, and 10.1 of the Reference Form.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">The impacts arising from the COVID-19 pandemic are ongoing and, therefore, the Company will assess the evolution of the effects of the current pandemic on its revenues, assets, results, business and prospects, including any possible changes in its ability to continue operating its business. The Company&#8217;s analyzes will be carried out in line with the Circular Letters CVM/SNC/SEP that guides managers and independent auditors of publicly-held companies to carefully consider the impacts of the COVID-19 pandemic on their business and report in the financial statements the main risks and uncertainties arising from this analysis, in line with applicable accounting standards.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;text-align:justify;margin:0pt;"><font style="font-size:11pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:1.26;padding-left:0.5pt;text-align:justify;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038357"></a><a name="_Toc67165747"></a></b>Other relevant events</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:1.37;text-align:justify;margin:0pt;">As of the date of this Reference Form, no other event has occurred, in addition to those described in this section 10.9, that has materially affected the Company.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="left:0.07%;max-width:99.93%;position:absolute;top:16.35pt;width:427.5pt;z-index:251676672;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0.07%;max-width:99.93%;position:absolute;top:22.35pt;width:429pt;z-index:251678720;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:-4.55pt;width:427.5pt;z-index:251680768;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:-10.25pt;width:429pt;z-index:251682816;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">III.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038358"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">Exhibit</b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;"> 9-1-II of CVM Instruction 481</b></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">ALLOCATION OF NET INCOME</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">1. Inform the net income for the year</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In the fiscal year ended on December 31, 2021, the Company recorded net income of BRL8,626,386,669.48 (eight billion, six hundred and twenty-six million, three hundred and eighty-six thousand, six hundred and sixty-nine reais and forty-eight cents).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">2. Inform the global amount and the value per share of dividends, including anticipated dividends and interest on equity already declared</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Proposed global amount of BRL1,800,000,000 (one billion and eight hundred million reais), comprising the following amounts:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;">(i) the amounts approved and paid in advance, in the amount of BRL1,000,096.676.07 (one billion, ninety-six thousand, six hundred and seventy-six reais and seven cents), comprised of BRL 1,000,000,000.00 (one billion reais) declared at the Board of Directors&#8217; Meeting held on January 7, 2022 (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">RCA 07.01.2022</u>&#8221;), <i style="font-style:italic;">ad referendum </i>of the Annual Ordinary Shareholder&#8217;s Meeting that approves the accounts for the fiscal year ended on December 31, 2022 and BRL 96,676.07 (ninety-six thousand, six hundred and seventy-six reais and seven cents) paid due to the variation in the treasury stock ownership verified on the base date, corresponding to an amount per share of BRL 0.741168104 (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Intermediate Dividends</u>&#8221;); and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="font-size:16pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;">(ii) the proposal for the payment of supplementary dividends, in the amount of BRL799,903,323.93 (seven hundred and ninety-nine million, nine hundred and three thousand, three hundred and twenty-three reais and ninety-three cents), corresponding to BRL 0.59280552075 per share, considering the number of &#8220;ex-treasury&#8221; shares on the date hereof. (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Supplementary Dividends&#8221;)</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="font-size:16pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The payment of the Intermediate Dividends referred to in item &#8220;i&#8221; was carried out<b style="font-weight:bold;"> </b>to the retained earnings account calculated based on the 3rd ITR and in compliance with the net income calculated in the half-yearly balance sheet dated June 30, 2021, after the full absorption of the Company&#8217;s retained earnings balance by partially offsetting the retained earnings balance as resolved at the Extraordinary Shareholder&#8217;s Meeting held on October 25, 2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The payment of the Supplementary Dividends referred to in item &#8220;ii&#8221; will be made from the net income account for the year ended December 31, 2021, provided for in the Financial Statements for that year, published on February 9, 2022 (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">FS2021</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">3. Inform the percentage of net income for the year distributed</b></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In compliance with the legislation and the Company&#8217;s Bylaws, the dividends distributed represent 49.28% of the adjusted net income for the year, after absorbing accumulated losses and constituting legal and tax incentive reserves.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">4. Inform the global amount and the value per share of dividends distributed based on profit from previous years</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There was no distribution of dividends and interest on equity (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">JCP&#8221;)</u> based on profits from previous years.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">5. Inform, after deducting the anticipated dividends and interest on equity already declared:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. The gross amount of dividends and interest on equity, separately, per share of each type and class</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">In a brief summary, the proposal for the allocation of results comprises: (i) the Intermediate Dividends, as resolved in the RCA 01.07.2022; and (ii) the payment of Supplementary Dividends, which will be paid against the net income account for the year ended December 31, 2021, reflected in FS2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">(a.1)<i style="font-style:italic;"> </i><i style="font-style:italic;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Intermediate Dividends</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The amounts approved and paid in advance, in the amount of BRL 1,000,096.676.07 (one billion, ninety-six thousand, six hundred and seventy-six reais and seven cents), comprised of BRL1,000,000,000.00 (one billion reais) declared in RCA 01.07.2022, <i style="font-style:italic;">ad referendum </i>of the Annual General Meeting to approve the accounts for the fiscal year ended December 31, 2021 and BRL 96,676.07 (ninety-six thousand, six hundred and seventy-six reais and seven cents) due the variation the treasury stock ownership verified on the base date, corresponding to an amount per shares of BRL0.741168104.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">As also indicated in RCA 01.07.2022, the Intermediate Dividends declared will be imputed to the mandatory minimum dividend for the fiscal year ended December 31, 2021, pursuant to article 202 of Law 6,404, of December 15, 1976 (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Brazilian Corporation&#8217;s Law</u>&#8221;) and article 28 of the Bylaws.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">(a.2) <i style="font-style:italic;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Proposal for Supplementary Dividends</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Management proposes to the Annual Ordinary Shareholders&#8217; Meeting, as resolved at the Board of Directors&#8217; Meeting held on March 23, 2022, the payment of Supplementary Dividends in the amount of BRL799,903,323.93 (seven hundred and ninety-nine million, nine hundred and three thousand, three hundred and twenty-three reais and ninety-three cents), corresponding to BRL 0.59280552075 per share, considering the number of &#8220;ex-treasury&#8221; shares on the present date, which will be paid to the account of the net income of the fiscal year ended December 31, 2021 reflected in FS2021.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="color:#ff0000;font-size:16pt;font-weight:bold;visibility:hidden;background:#ffff00;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">B. The form and term of payment of dividends and interest on equity</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Intermediate Dividends were paid on January 27, 2022, in local currency. It is proposed that the Supplementary Dividends be paid on May 13, 2022, in local currency.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">c. Possible levy of restatement and interest on dividends and interest on equity</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">d. Date of declaration of payment of dividends and interest on equity considered for identification of shareholders who will be entitled to receive them</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Intermediate Dividends were paid to shareholders registered in the Company&#8217;s shareholding base at the close of the B3 trading session on January 18, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The Supplementary Dividends will be paid to shareholders registered in the Company&#8217;s shareholding base at the close of the B3 trading session on May 4, 2022. The shares issued by the Company will be traded &#8220;ex-dividends&#8221; as of May 5, 2022, inclusive.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">6. If there has been a declaration of dividends or interest on equity based on profits determined in half-yearly balance sheets or in shorter periods</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Inform the value of dividends or interest on equity already declared</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">As indicated in items 2 and 5.(a) above, RCA 01.07.2022 declared the amount of BRL 1,000,000,000.00 (one billion reais) as Intermediate dividends, with the amount corresponding to BRL 1,000,096,676.07 (one billion, ninety-six thousand, seven hundred and seventy-six reais and seven cents) due the variation in the treasury stock ownership verified on the base date, which resulted in a difference of BRL96,676.07 (ninety-six thousand, six hundred and seventy-six reais and seven cents).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">As also indicated in RCA 01.07.2022, the declared Intermediate dividends will be attributed to the minimum mandatory dividend for the fiscal year ended December 31, 2021, pursuant to article 202 of <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Brazilian Corporation&#8217;s Law</u> and article 28 of the Bylaws.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">B. Inform the date of the respective payments</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The payment of Intermediate dividends in the amount of BRL 1,000,096,676.07 (one billion, ninety-six thousand, six hundred and seventy-six reais and seven cents) referred to in item (a) above, occurred on January 27, 2022.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">7. Provide a comparative table indicating the following values per share of each type and class:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Net income for the year and the 3 (three) previous years</b></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:87.85%;"><tr style="height:15pt;"><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:58.76%;background:#0d0d0d;border-bottom:1px solid #000000;border-left:1px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Profit (loss) per share (in BRL thousand)</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:14.41%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2021</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:13.41%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2020</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:13.41%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">2019</b></p></td></tr><tr style="height:18pt;"><td style="vertical-align:bottom;white-space:nowrap;width:58.76%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">ON <sup style="font-size:7.5pt;vertical-align:top;">1</sup></p></td><td style="vertical-align:bottom;white-space:nowrap;width:14.41%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">6.39360</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.41%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">(7.94890)</p></td><td style="vertical-align:bottom;white-space:nowrap;width:13.41%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">(2.08825)</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b. Dividend and interest on equity distributed in the 3 (three) previous years</b></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:101.62%;"><tr style="height:15pt;"><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:22.91%;background:#0d0d0d;border-bottom:1px solid #000000;border-left:1px solid #ffffff;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Year</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:26.24%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Pay day</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:26.24%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">dividends</b></p></td><td style="color:#ffffff;vertical-align:bottom;white-space:nowrap;width:24.6%;background:#0d0d0d;border-bottom:1px solid #000000;border-right:1px solid #ffffff;border-top:1px solid #ffffff;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">ON (per share)</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:22.91%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.24%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">01/27/2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.24%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">BRL 1,000,096,676.07</p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">BRL 0.741168104</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:22.91%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.24%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">05/13/2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.24%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">BRL 799,903,323.93</p></td><td style="vertical-align:bottom;white-space:nowrap;width:24.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">BRL 0.59280552075</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There was no distribution of dividends and interest on equity (JCP) on December 31, 2020 and 2019 due to the loss calculated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">8. If profits are allocated to the legal reserve</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Identify the amount allocated to the legal reserve</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The amount of BRL 235,018,591.97 (two hundred and thirty-five million, eighteen thousand, five hundred and ninety-one reais and ninety-seven cents), pursuant to art. 193, paragraphs 1 and 2, of the Brazilian Corporation Law, was intended for the constitution of the Legal Reserve.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b. Detail how the legal reserve is calculated</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"> <font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">The net income for the period was BRL8,626,386,669.48 (eight billion, six hundred and twenty-six million, three hundred and eighty-six thousand, six hundred and sixty-nine reais and forty-eight cents), which was partially absorbed in BRL3,926,014,830.11 (three billion, nine hundred and twenty-six million, fourteen thousand, eight hundred and thirty reais and eleven cents) related to accumulated losses from the previous period. The remaining result was BRL4,700,371,839.37 (four billion, seven hundred million, three hundred and seventy thousand, eight hundred and thirty-nine reais and thirty-seven cents), of which 5% were allocated to the constitution of the legal reserve up to the limit of 20% of the capital stock, pursuant to article 193 of Brazilian Corporation&#8217;s Law and pursuant to article 26, item (a) of the Company&#8217;s Bylaws. Such reserve may cease to be constituted in the fiscal year in which the balance of the legal reserve, plus the amount of capital reserves (Article 193 of Brazilian Corporation&#8217;s Law), exceeds 30% of the capital stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">9. If the company has preferred shares entitled to fixed or minimum dividends: a. Describe how fixed or minimum dividends are calculated; b. Inform whether the profit for the year is sufficient for the full payment of fixed or minimum dividends; c. Identify whether any unpaid installment is cumulative; d. Identify the global amount of fixed or minimum dividends to be paid to each class of preferred shares; e. Identify the fixed or minimum dividends to be paid per preferred share of each class</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">10. Regarding the mandatory dividend</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Describe the calculation method provided for in the bylaws</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Article 26, item (c) of the Company&#8217;s Bylaws establishes the payment of a dividend that represents, in each year, the equivalent of the lowest amount between: (i) 25% (twenty-five percent) of the adjusted annual net income in the form of art. 202 of Brazilian Corporation&#8217;s Law; or (ii) 10% (ten percent) of the Company&#8217;s Operating Cash Generation in the respective Fiscal Year, as provided for in article 26, &#167; 3 of the Company&#8217;s Bylaws.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b. Inform if it is being paid in full</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Yes.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">c. Inform the amount eventually withheld</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">11. If the mandatory dividend is withheld due to the company&#8217;s financial situation: a. Inform the amount of withholding; b. Describe, in detail, the company&#8217;s financial situation, including aspects related to liquidity analysis, working capital and positive cash flows; c. Justify the retention of dividends</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">12. In the event of allocation of results to the contingency reserve: a. Identify the amount destined for the reserve; b. Identify the loss considered probable and its cause; c. Explain why the loss was considered probable; d. Justify the constitution of the reserve</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There will be no allocation of results to the contingency reserve.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">13. If there is allocation of results to reserve for unrealized profits: a. Inform the amount allocated to the unrealized profit reserve; b. Inform the nature of the unrealized profits that gave rise to the reserve.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">14. In case of allocation of income to statutory reserves:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Describe the statutory clauses that establish the reserve;</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Pursuant to article 26, item (d), of the Company&#8217;s Bylaws, after the calculation of the minimum mandatory dividend, the balance, if any, will have the destination that, as proposed by the management, is resolved by the Shareholders&#8217; Meeting, with the right to allocate up to 90% (ninety percent) to the Capital Increase Reserve, aiming to ensure adequate operating conditions. Said Reserve cannot exceed 80% (eighty) of the </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">capital stock. The remainder will be allocated to the Special Statutory Reserve in order to guarantee the continuity of the semi-annual distribution of dividends until reaching the limit of 20% (twenty) of the capital stock.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b. Identify the amount destined for the reserve;</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Pursuant to item (d) of article 26 of the Bylaws, and as indicated in FS2021, the amount of BRL 1,793,664,040.91 (one billion, seven hundred and ninety-three million, six hundred and sixty-four thousand, forty reais and ninety-one cents) , will be allocated to the constitution of the Capital Increase Reserve and the amount of BRL 199,296,004.55 (one hundred and ninety-nine million, two hundred and ninety-six thousand, four reais and fifty-five cents) will be allocated to constitution of the Special Statutory Reserve.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">c. Describe how the amount was calculated.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:101.56%;"><tr style="height:14.4pt;"><td colspan="2" style="vertical-align:bottom;white-space:nowrap;width:100%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Allocation of 2021 Result</b></p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:20pt;margin:0pt;"><b style="font-weight:bold;">net income for the year</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">8,626,386,669.48</b></p></td></tr><tr style="height:16.2pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Absorption of accumulated losses</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(3,926,014,830.11)</p></td></tr><tr style="height:13.8pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:20pt;margin:0pt;"><b style="font-weight:bold;">= Net profit after absorbing accumulated losses</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">4,700,371,839.37</b></p></td></tr><tr style="height:15.6pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Legal reserve - 5%</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(235,018,591.97)</p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Tax incentive reserve</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(812,908,608.06)</p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:20pt;margin:0pt;"><b style="font-weight:bold;">= adjusted net income</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">3,652,444,639.34</b></p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Minimum mandatory dividends - 25%</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(913,111,159.84)</p></td></tr><tr style="height:13.8pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(+) Realization of equity valuation adjustment</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">140,515,406.11</p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Additional Dividends</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(86,985,516.23)</p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:28.5pt;margin:0pt;">(-) Supplementary Dividends AGM</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(799,903,323.93)</p></td></tr><tr style="height:14.4pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:20pt;margin:0pt;"><b style="font-weight:bold;">= Profit available for the composition of statutory reserves</b></p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">1,992,960,045.45</b></p></td></tr><tr style="height:13.8pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Reserve for capital increase - 90%</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(1,793,664,040.91)</p></td></tr><tr style="height:15.6pt;"><td style="vertical-align:bottom;white-space:nowrap;width:73.74%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-indent:30pt;margin:0pt;">(-) Special Statutory Reserve - 10%</p></td><td style="vertical-align:bottom;white-space:nowrap;width:26.25%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">(199,296,004.55)</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">15. If there is retention of profits provided for in the capital budget: a. Identify the amount of retention; b. Provide copy of capital budget.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">16. If there is allocation of results to the tax incentive reserve</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a. Inform the amount destined for the reserve</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">According to art. 195-A, of the Brazilian Corporation&#8217;s Law, the amount of BRL812,908,608.06 (eight hundred and twelve million, nine hundred and eight thousand, six hundred and eight reais and six cents) was allocated to the Tax Incentive Reserve.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b. Explain the nature of the destination</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Investment subsidies are benefits granted as a stimulus to the implementation or expansion of economic enterprises, including through tax exemption or reduction.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">From the advent of Complementary Law No. 160/17, the incentives and fiscal or financial-fiscal benefits related to ICMS, granted by states and the Federal District and considered investment subsidies may no longer be computed in the determination of taxable income, provided they are observed the requirements and conditions imposed by art. 30 of Law No. 12,973/14, among which, the need to have been granted as a stimulus to the implementation or expansion of economic enterprises.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">At the Company, the locations that enjoy such benefits are the industrial units in Mucuri/BA, Bel&#233;m/PA and Tr&#234;s Lagoas/MS and the distribution centers in S&#227;o Jos&#233; dos Pinhais/PR and Londrina/PR.</p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:17.1pt;width:428.15pt;z-index:251684864;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:428.15pt;"><img src="tmb-20220408xex99d1016.jpg" alt="Graphic" style="width:428.15pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:24.25pt;width:427.5pt;z-index:251686912;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">IV.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038359"></a><a name="_Toc97210273"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">Management (Sections 12.5 to 12.10 - CVM Instruction No. 480/09)</b></td></tr></table><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0.07%;max-width:99.93%;position:absolute;top:9.3pt;width:429pt;z-index:251688960;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:-0.05pt;width:427.5pt;z-index:251691008;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;background:#ffff00;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">12.5 and 12.6. In relation to each of the managers and members of the fiscal council, indicate:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-style:italic;font-weight:bold;">Statutory Executive Board of Officers</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Information on the members of the Statutory Executive Board of Officers is not being presented in this act, considering that the election of such members will not be subject to resolution at the AEGM to be held on 04.25.2022.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-style:italic;font-weight:bold;">Board of Directors</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Ana Paula Pessoa</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">865.873.407-25</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">03/25/1967</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Economist</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">She belongs only to the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Independent Director (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">2</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Coordinator of the Statutory Audit Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Ana Paula Pessoa declared that, for all legal purposes, she was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and no final and unappealable conviction, in the judicial or administrative sphere, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Ana Paula is a partner, investor and member of the Board of Directors of Kunumi AI, a 100% Brazilian artificial intelligence company, with values and objectives that guide its investment choices. She is Chairwoman of the Advisory Board of Credit Suisse Brasil, member of the board of News Corporation, in New York, of the Vinci Group, in Paris, and since January 2021 is a member of the Board of COSAN. She is passionate about improving </p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">diversity in companies and understanding how technology and societal change impact corporate cultures. Its volunteer activities focus on education initiatives and environmental concerns to ensure sustainable growth. She is a member of the Global Council (GAC) at Stanford University in California, member of the Advisory Board of The Nature Conservancy Brasil, the Audit Committee of the Roberto Marinho Foundation, and the Instituto Atlantico de Gobierno, Madrid. She was the financial director of the Rio 2016 Olympic and Paralympic Games Organizing Committee. She invested in and was chairman of the board of Neemu Internet. She was a partner and founder of Brunswick S&#227;o Paulo, worked 18 years in several companies of the Organiza&#231;&#245;es Globo. She has worked for the United Nations Development Program and the World Bank in the US and Africa, Ana Paula holds a BA in Economics and International Relations and a Master&#8217;s in Development Economics from Stanford University.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Daniel Feffer</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">011.769.138-08</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">10/28/1959</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Businessman</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">He belongs only to the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Vice President of the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">10</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Member of the Sustainability Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Daniel Feffer declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from Universidade Mackenzie, he studied specialization at Funda&#231;&#227;o Get&#250;lio Vargas, in addition to Harvard University and Massachusetts Institute of Technology (MIT), in the United States, IMD, in Switzerland, and LBS-London Business School in England. He is currently (i) President of ICC Brasil; (ii) Vice-President of the Board of Directors and member of the Company&#8217;s Sustainability and Strategy Committee; (iii) Chairman of the Board of Trustees of Funda&#231;&#227;o Arymax, whose main activity is the defense of social rights; (iv) President of the Board of Directors and Chairman of the Board of Governors of the Instituto Ecofuturo - Futuro para o Desenvolvimento Sustent&#225;vel, whose main activity is the defense of social rights; (v) Chairman of the IB&#193; Advisory Board; (vi) Member of the Board of IEDI - Economic Institute for Industrial Development; </p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">(vii) Founding Member of the &#8220;Todos Pela Educa&#231;&#227;o&#8221; Commitment Council; (viii) Member of the Strategic Council of FIESP.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">David Feffer</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">882.739.628-49</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">11/13/1956</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Businessman</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">He belongs only to the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">President of the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">11</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Member of the Strategy and Innovation Committee, Coordinator of the Sustainability Committee, Coordinator of the Management and Finance Committee and member of the People Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. David Feffer declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">He studied Business Administration in Brazil and completed non-degree programs at Harvard Business School (USA), Columbia University (USA), IMD (Switzerland), The Aspen Institute (USA), at the Singularity University (USA) and Stanford University (USA). Regarding the companies that are part of the Company&#8217;s economic group, he has held and/or holds the following positions: (i) since 2003, he has been President of the Board of Directors, and he is also a member of the following non-statutory committees of the Company: Strategy and Innovation Committee, Sustainability Committee (Coordinator); Management and Finance Committee (Coordinator) and People Committee; (ii) since 2003, he has been the Chief Executive Officer of Suzano Holding S.A., a publicly held company whose main activity is holding interests in other companies; (iii) since 2001 he has been a member of the Board of Directors and Chief Executive Officer of Polpar S.A., a publicly-held company whose main activity is holding interests in other companies; (iv) since 2004, he has been the Chief Executive Officer of IPLF Holding S.A., a closely held company whose main activity is holding interests in other companies; and (v) from 2001 to 2015, he was Vice-President Officer and since April 2015, he has been Chief Executive Officer of Premesa S.A., a subsidiary of Suzano Holding S.A. whose main activity is the development of real estate projects. He is also a member of several social and cultural institutions, among which </p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">the following activities stand out: President of the Board of Directors of the ALEF-Peretz School and Member of the Deliberative Council of the Associa&#231;&#227;o Beneficente Israelita Brasileira Hospital Albert Einstein.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Gabriela Feffer Moll</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">315.806.998-98</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">12/13/1983</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Business Manager</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">If elected, she will be a member of the Board of Directors (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:top;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">0</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [ x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Gabriela Feffer Moll declared that, for all legal purposes, she was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Gabriela Feffer Moll is member of the Board of Directors of MDS, of the ESG and People Committee of Bionexo, and of the Board of the ELF (Group of Empowerment and Female Leadership of the Israeli Federation of the State of S&#227;o Paulo (Federa&#231;&#227;o Israelita do Estado de S&#227;o Paulo &#8211; FISESP)). Gabriela started her career at GI - Grupo de Incentivo and in 2010 founded AG Sport, a consultancy specializing in the idealization and organization of large events, in which she was responsible for the development of the company&#8217;s commercial and strategy area. In 2015, he joined Dotz, working on the business development fronts and implementing a new 100% digital self-service model to open up the small business market. At Suzano S.A., as of 2017, she led the communication of products and the digital transformation of the Paper and Packaging Unit. Also at Suzano, after its merger with Fibria, she worked in the integration cell responsible for monitoring the synergies arising from the merger. Gabriela has a degree in Hotel Management, an Executive MBA from Funda&#231;&#227;o Dom Cabral and executive courses from Harvard University, Insper and Insead. Determined to contribute to the transformation of people and organizations from a humanized and empathetic perspective, she also makes her professional performance a personal mission in building a society and a better planet for all.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Maria Priscila Rodini Vansetti Machado</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">036.618.448-22</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">05/04/1958</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Engineer</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">She belongs only to the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Independent member of the Board of Directors (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">2</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Member of the Strategy and Innovation Committee and member of the Sustainability Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Priscila Vansetti declared that, for all legal purposes, she was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Priscila Vansetti has a degree in Agronomic Engineering from the Escola Superior de Agricultura &#8220;Luiz de Queir&#243;z&#8221; at the University of S&#227;o Paulo (ESALQ/USP) and is specialized in Executive Management and Global Strategy Leadership by Wharton School (University of Pennsylvania). Priscila began her career at DuPont Brasil in 1981, in the agricultural division, assuming leadership positions in the Regulatory, Government Relations and Research &amp; Development areas. In 1996, she was transferred to Wilmington (Delaware, United States), where she took on different positions in the areas of Development and Marketing. In 2008, she was promoted to DuPont Canada Business Director, being reassigned to the Mississauga unit (Ontario, Canada). Between September 2014 and September 2015, she served as global director of Strategic Planning at DuPont Prote&#231;&#227;o de Cultivos. In October 2015, she returned to Brazil where she assumed the positions of Chief Executive Officer of DuPont do Brasil and Vice President for Latin America of DuPont Prote&#231;&#227;o de Cultivos at DuPont do Brasil e Am&#233;rica Latina. With the merger of Dow and DuPont in September 2017, Priscila was named Global Director of Strategy and Business Development of Corteva AgrisciencesTM in Indianapolis, Indiana. In January 2021, Priscila assumed the position of Vice President of Strategy and Planning. In recent years Priscila has served on the Board of Directors of the American Chamber of Commerce (AmCham), of the Brazilian Chemical Industry Association (<i style="font-style:italic;">Associa&#231;&#227;o Brasilieira da Ind&#250;stria Quimica</i> - ABIQUIM), on the FIESP Agribusiness Council and on the Board of Directors of the Canadian Crop Protection Association (CropLife Canada). Priscila is currently Chair of the Board of Directors of the International Center of Indianapolis, Indiana, and serves on the Board of Directors of the Inter-American Dialogue in Washington, D.C.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Nildemar Secches</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:top;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">589.461.528-34</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">11/24/1948</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Mechanical Engineer</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">He belongs only to the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Vice President of the Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">6</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Member of the Strategy and Innovation Committee, member of the Management and Finance Committee, Coordinator of the People Committee and member of the Nomination and Compensation Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Nildemar Secches declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Mechanical Engineering from USP in S&#227;o Carlos, post-graduated in Finance from PUC in Rio de Janeiro, having completed a doctorate in Economics from Unicamp. He currently holds the following positions: (i) since 2008, he has been a member of the Board of Directors and of the Sustainability and Strategy Committee of the Company; (ii) since 1998, he has been Vice-President of the Board of Directors of WEG S/A, a publicly held company whose main activity is the industrialization, production and sale of industrial systems, machines and equipment; (iii) since 2004, he has been Vice-President of the Board of Directors of Iochpe-Maxion S.A., a publicly held company whose main activity is the manufacture and distribution of engines, agricultural machinery and equipment and components for the metallurgical, railway and automobile industries; (iv) was a member of the Board of Directors of Ultrapar Participa&#231;&#245;es S.A., a publicly-held company whose main activity consists of investing its own capital in commerce, industry, agriculture and the provision of services, from 2002 to 2021; and (v) was a member of the Board of Directors of Ita&#250;-Unibanco from 2012 to 2017. From 1972 to 1990, he worked at the National Bank for Economic and Social Development - <i style="font-style:italic;">Banco Nacional de Desenvolvimento Social </i>(BNDES), where he was an Officer from 1987 to 1990. From 1990 to 1994, he was Corporate General Manager of Grupo Iochpe-Maxion Holding Ind&#250;stria and, from 1995 to 2008, he was Chief Executive Officer of Perdig&#227;o S.A. From 2007 to April 2013, he was President of the Board of Directors of BRF - Brasil Foods, publicly-held company whose main activity is the industrialization, commercialization and exploitation of food in general.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td colspan="2" rowspan="1" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Paulo Rogerio Caffarelli</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">442.887.279-87</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">09/19/1965</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Executive</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Independent Board of Directors (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:top;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">1</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Paulo Rogerio Caffarelli declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from PUC/Curitiba, with specialization in Foreign Trade (FAE/CDE Curitiba) and International Trade Law (IBEJ Curitiba), he has an MBA in Corporate Law and Finance (FGV/RJ) and a Masters in Business Management and Economics (University of Brasilia). He has been President of the BBC Bank of the Simpar Group since 10.2021. From 11/2018 to 05/21, he was President of Cielo S.A. He joined Banco do Brasil in 1981, becoming Vice President of Wholesale, International Business and Private Banking and Capital Markets (BB BI) from 2011 to 2014 and holding the position of President from 05/2016 to 10/2018. He was Executive Secretary at the Ministry of Finance from 02/2014 to 02/2015 and also worked at Companhia Sider&#250;rgica Nacional as Corporate Executive Director. In the last 5 years, he served, for a certain period, on the Board of Directors of the following companies: Banco do Brasil S.A.; Brasilprev ; Elo Participa&#231;&#245;es S.A.; Banco Votorantim; CBSS Visavale (Alelo); Vale; Brasilcap Capitaliza&#231;&#227;o and Banco Votorantim; he was also a member of the Advisory Board of Febraban &#8211; Brazilian Federation of Banks (<i style="font-style:italic;">Federa&#231;&#227;o Brasileira de Bancos</i>).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Paulo Sergio Kakinoff</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">194.344.518-41</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">06/09/1974</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Business Manager</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">If elected, he will be a member of the Board of Directors (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:top;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">0</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [ x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Paulo Sergio Kakinoff declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">He assumed the position of Chief Executive Officer of GOL Linhas A&#233;reas in July 2012. He was a member of the Company&#8217;s Board of Directors for two years, in which he was an independent member. Graduated in Business Administration from Universidade Mackenzie, he began his career as an intern at Volkswagen do Brasil, at the age of 17. In the 19 years in which he worked for the group, he held the positions of Director of Sales &amp; Marketing, Executive Director of the Group for South America at the head office (Germany) and, in 2009, he was appointed president of Audi in Brazil, remaining until June 2012. Kakinoff is also a member of the Board of Directors of Porto Seguro S.A., Grupo Vamos S.A. and Tembici S.A.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Rodrigo Calvo Galindo</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">622.153.291-49</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">05/03/1976</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Business Manager</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Board of Directors</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Independent Board of Directors (Effective)</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2024</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">1</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Member of the Strategy and Innovation Committee, member of the Management and Finance Committee and member of the People Committee</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Mr. Rodrigo Calvo Galindo declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Mr. Rodrigo Galindo has been President of the Board of Directors of COGNA EDUCA&#199;&#195;O S.A. since 3/28/2022. He has been managing educational institutions for over 29 years. He was CEO of Cogna / Kroton Educacional for 11 years, from 2/1/2021 to 3/27/2022. He served as Director of Operations and Director of Higher Education at Kroton Educacional, CEO of Grupo Educacional IUNI, Administrative Pro-rector of the University of Cuiab&#225; and responsible for the management, accreditation and implementation of higher education institutions in Bahia, Mato Grosso, Amap&#225;, Acre and Rond&#244;nia. Rodrigo Calvo Galindo is currently President of the Board of Directors of Endeavor Brasil. He also served as a member of the Board of Directors of Burger King Brasil, Cl&#237;nica SIM and Arezzo&amp;Co.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><a name="_Hlk35107428"></a><font style="font-style:italic;font-weight:bold;">Fiscal Council</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Eraldo Soares Pe&#231;anha</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">179.386.437-34</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">09/21/1951</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Accountant</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Effective) - Elected by the Controlling Shareholder</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASM 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">5</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Eraldo Soares Pe&#231;anha declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bachelor of Science in Accounting and Business Administration from Universidade C&#226;ndido Mendes (RJ). Main professional experiences: Aracruz Celulose S.A. - Accounting, Internal Audit and Controller Manager (1974 to 1996); CSN-Cia. Sider&#250;rgica Nacional - Controllership and IT Director (1996 to 2003); Embratel S.A. - Controllership Officer and Corporate Governance Executive Officer (2003 to 2008); Icatu Seguros S.A. - Executive Director of Customer Services (2008 to 2011). Currently, he is a member of the Fiscal Council of Suzano S.A., Cadam S.A. and of the Audit Committee of Banco do Estado do Rio Grande do Sul. As an alternate member of the Fiscal Council of the publicly-held company Ouro Fino Sa&#250;de Animal Participa&#231;&#245;es.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">He was a member of the Fiscal Council in the publicly-held corporations: as a full member: Vale, Net Servi&#231;os de Comunica&#231;&#227;o, JBS, Ideiasnet and alternate: in AES Tiet&#234;, CCR, Tupy, Padtec Holding and in the closely-held corporations: Ferrovia Centro Atl&#226;ntica, It&#225; Energ&#233;tica and Officer Distribuidora Prod. Tecnologia. He was a member of the Fiscal Council in the private pension entities of some companies where he worked. He was also a member of the Executive Committee of Canal My News. Since 2012, he has been working as a consultant in the areas of Corporate Governance, Controllership and Accounting/Financial Processes &amp; Systems.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Kurt Janos Toth</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">193.789.557-20</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">10/30/1947</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Economist</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Alternate) - Elected by the Controlling Shareholder</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASM 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">5</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">0.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Kurt Janos Toth declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Graduated in Economic Sciences from Universidade Federal Fluminense in 1973. Postgraduate in Finance from PUC/RJ. Professional experience: 2006/2008 &#8211; </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) &#8211; Control Area &#8211; Internal Control Department &#8211; Economist &#8211; Participation in the team responsible for structuring the </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES)&#8217;s Internal Controls system; 1988/2006 &#8211; </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) &#8211; Credit Area &#8211; Credit Department &#8211; Head of Department &#8211; Coordination of the team that conceived and operated the Company Risk Classification System adopted by </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) and the Credit Policy, from the perspective of Risk, at the Bank; 1984/1986 &#8211; </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) &#8211; Industrial Projects Area &#8211; Head of Department of Capital Goods and Traditional Industries &#8211; Head of teams responsible for analyzing and monitoring projects in the aforementioned industrial segments; 1978/1984 &#8211; </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) - Industrial Projects Area &#8211; Manager of the Department of Capital Goods and Traditional Industries &#8211; Management of teams responsible for analyzing and monitoring projects in the segments of Transport Materials, Machine Tools, Industrial Automation and Foundry, among others; 1973/1978 - </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) - Industrial Projects Area - Economist at the Department of Capital Goods and Traditional Industries - Project analyst in the Transport Material, Foundry and Consumer Goods segments, among others; 1971/1973 &#8211; </font><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">Banco Nacional de Desenvolvimento Social </i><font style="font-family:'Times New Roman','Times','serif';">(BNDES) &#8211; Various Areas &#8211; Intern.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Luiz Augusto Marques Paes</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">045.320.388-47</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">07/21/1961</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Lawyer</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Effective) - Elected by Controlling shareholder </p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASM 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">18</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Luiz Paes declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from the Law School of the University of S&#227;o Paulo &#8211; USP. Since April 1991, he has been an effective member of the Company&#8217;s Fiscal Council. He is a partner at Paes e Colauto &#8211; Sociedade de Advogados, where he provides legal advice and tax and corporate consultancy. Currently, he is also an effective member of the Fiscal Council of the company SIMPAR S.A., a publicly-held company whose main activity is the provision of services in the area of logistics and an effective member of the Fiscal Council of the company Cyrela Brazil Realty S.A. Empreendimentos e Participa&#231;&#245;es, a publicly held company whose main activity is real estate development, the purchase and sale of real estate and the leasing of real estate, in addition to being a member of the Audit Committee of the company JSL S/A, a publicly-held company whose main activity is the provision of services in the area of logistics.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Luiz Gonzaga Ramos Schubert</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">080.501.128-53</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/27/1937</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Lawyer</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Alternate) - Elected by the Controlling Shareholder</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASM 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">19</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">0.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Schubert declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and no final and unappealable conviction, in the judicial or administrative act, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from the Faculty of Law of S&#227;o Bernardo do Campo. Since June 2009, he has been a partner at Barletta e Schubert Sociedade de Advogados, a firm specializing in Private Law, with an emphasis on Corporate Law. From 1972 to March 2009, he participated as an intern and, later, partner of the Augusto Lima S/C Law Firm. Barletta and Schubert Sociedade de Advogados and Augusto Lima S/C Law Firms are law firms and do not belong to any economic group.</p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Roberto Figueiredo Mello</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">532.755.358-20</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">06/08/1948</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Lawyer</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Alternate) - Elected by the Controlling Shareholder </p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASM 2023</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">18</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">0.00%</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Roberto Mello declared that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from the Law School of the University of S&#227;o Paulo &#8211; USP. He is an alternate member of the Company&#8217;s Fiscal Council and, since 1988, a founding partner of Pacaembu Servi&#231;os e Participa&#231;&#245;es Ltda., a company that provides paralegal services and administrative support in general. He was a member of the Supervisory Board of Barclay&#8217;s Bank between 1995/2002, financial institution; director of Vocal Com. Ve&#237;culos Ltda. between 1989/1998, a Volvo car concessionaire company; and, between 1986 and 1998, director of SPP - Nemo S.A. Coml. Exportadora, a company that was part of the Company&#8217;s economic group at the time, whose main activity was paper distribution in Brazil and abroad. </p></td><td style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Name</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Rubens Barletta</b></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF (Tax ID)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">397.909.328-04</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="padding-left:3.5pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:3.5pt;padding-right:3.5pt;width:121.11%;"><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Birth date</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">08/10/1946</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Profession</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Lawyer</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Management body</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Fiscal Council</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Elective position occupied</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">FC (Effective) - Elected by the Controlling shareholder </p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Description of another position/function</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected election date</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Expected date of possession</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">04/25/2022</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Term of office</p></td><td style="vertical-align:top;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Until ASG 2023</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Was elected by the controller</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;background:#ffffff;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Yes</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Number of consecutive terms, if re-elected</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">18</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Percentage of attendance in meetings (%)</p></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">100%</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Other positions and functions performed at the issuer</p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Not applicable</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Type of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">[ ] Criminal Conviction | [ ] Administrative Proceedings <br>[ ] Any conviction | [x] N/A</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Description of Conviction</b></p></td><td style="vertical-align:middle;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="5" style="vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Rubens Barletta stated that, for all legal purposes, he was not subject, in the last 05 years, to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before the CVM and any final and unappealable conviction, in the judicial or administrative spheres, which had the effect of suspending or disqualifying the practice of any professional or commercial activity.</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td style="vertical-align:middle;white-space:nowrap;width:38.77%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:48.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:100%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">Professional experience / Declaration of possible convictions / Independence Criteria</b></p></td></tr><tr style="height:12.75pt;"><td colspan="2" rowspan="2" style="vertical-align:top;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Graduated in Law from the Faculty of Law of S&#227;o Bernardo do Campo. He is an effective member of the Fiscal Council of the Company and also of the following companies: (i) Banco Alfa de Investimento S.A., a financial institution, (ii) Alfa Holdings S.A., a publicly-held company whose main activity is the participation in other companies of the Alfa group and Tegma Gest&#227;o Log&#237;stica S/A., a company whose main activity is the provision of logistics services. From 1999 to 2010, he held the position of Effective Member of the Supervisory Board of Financeira Alfa S.A. &#8211; Cr&#233;dito, Financiamento e Investimento, a publicly-held financial institution and of Cons&#243;rcio Alfa de Administra&#231;&#227;o S.A., a publicly-held company whose main activity is to in other companies of the Alfa group. Since June 2009, he has participated as a partner at Barletta e Schubert Sociedade de Advogados, formerly known as Barletta, Schubert e Luiz Sociedade de Advogados, a firm specializing in Private Law, with an emphasis on Corporate Law. From 1961 to 2008, he participated as an employee, intern and, later, partner of the Augusto Lima S/C Law Firm.</p></td><td colspan="2" style="vertical-align:top;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:12.75pt;"><td colspan="2" style="display:none;vertical-align:middle;width:87.65%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:2.87%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td><td style="vertical-align:middle;white-space:nowrap;width:9.47%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:24pt;"><td colspan="3" rowspan="2" style="vertical-align:middle;width:89.32%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr><tr style="height:22.5pt;"><td colspan="3" style="display:none;vertical-align:middle;width:89.32%;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-style:italic;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">12.7 and 12.8. Provide the information mentioned in item 12.5 in relation to the members of the statutory committees, as well as the audit, risk, financial and compensation committees, even if such committees or structures are not statutory:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">The information related to this item is not presented in this act, considering that the election of the members of such committees will not be object of resolution at the GOESM to be held on 04.25.2022.</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">12.9. Inform the existence of a marital relationship, stable union or kinship to the second degree between:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a) Company managers</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Messrs. David Feffer and Daniel Feffer, President and Vice-President of the Board of Directors of the Company, respectively, are brothers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Gabriela Feffer Moll is the daughter of Mr. David Feffer, President of the Company&#8217;s Board of Directors.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b) (i) managers of the Company and (ii) managers of subsidiaries, directly or indirectly, of the Company</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There is not.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">c) (i) managers of the Company or its direct or indirect subsidiaries and (ii) direct or indirect controllers of the Company</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Messrs. David Feffer and Daniel Feffer, President and Vice-President of the Board of Directors of the Company, respectively, are brothers of Messrs. Jorge Feffer and Ruben Feffer.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Messrs. David Feffer, Daniel Feffer, Jorge Feffer and Ruben Feffer are part of the Company&#39;s controlling group. Messrs. David Feffer, Daniel Feffer and Ruben Feffer are part of the controlling group of Suzano Holding S.A., the Company&#8217;s parent company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">d) (i) managers of the Company and (ii) managers of the direct and indirect controlling companies of the Company</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mrs. Gabriela Feffer Moll is the daughter of Mr. David Feffer, Chief Executive Officer of Suzano Holding S.A., the Company&#8217;s parent company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12.10. Inform about subordination, service provision or control relationships maintained in the last 3 fiscal years between the issuer&#8217;s managers and:</b><font style="font-family:'Times New Roman','Times','serif';"> </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">a) company controlled, directly or indirectly, by the issuer, except for those in which the issuer holds, directly or indirectly, the entire capital stock</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There is not.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">b) direct or indirect controlling shareholder of the Company</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. David Feffer (i) holds the following positions in the Company: he is President of the Board of Directors, Coordinator of the Management and Finance Committee, Coordinator of the Sustainability Committee, and Member of the People Committee; and (ii) is the Chief Executive Officer of Suzano Holding S.A., the Company&#8217;s parent company. David Feffer is also one of the controlling shareholders of the Company and of Suzano Holding S.A., the Company&#8217;s parent company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">Mr. Daniel Feffer is Vice-President of the Board of Directors and member of the Company&#8217;s Sustainability Committee, and also one of the controlling shareholders of the Company and of Suzano Holding S.A., the Company&#8217;s controlling shareholder.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">c) if relevant, supplier, customer, debtor or creditor of the Company, its subsidiary or controlling companies or subsidiaries of any of these persons</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;">There is not. </p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="left:-0.07%;position:absolute;top:-7.05pt;width:428.15pt;z-index:251693056;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:428.15pt;"><img src="tmb-20220408xex99d1016.jpg" alt="Graphic" style="width:428.15pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:-0.07%;position:absolute;top:0.1pt;width:427.5pt;z-index:251695104;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:-0.07%;position:absolute;top:17.8pt;width:427.5pt;z-index:251697152;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">V.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038360"></a><a name="_Toc67165749"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">Management Compensation (Section 13 &#8211; CVM Instruction No. 480/09)</b></td></tr></table><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:9.4pt;width:429pt;z-index:251699200;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Toc99038361"></a><font style="font-size:11pt;font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-style:italic;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">13.1</font><a name="_Toc99038362"></a><font style="font-style:italic;font-weight:bold;">Description of the compensation policy or practice, including non-statutory executive board of officers</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">Objectives of the compensation policy or practice, informing whether the compensation policy has been formally approved, the body responsible for its approval, date of approval and, if the issuer discloses the policy, locations on the world wide web where the document can be consulted.</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s compensation policy was approved at a meeting of the Company&#8217;s board of directors, and aims to attract and retain professionals who are aligned with its principles and values and with the shareholders&#8217; objectives.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">To this end, the Company bases its policy on monitoring the external environment and annually compares its salary scale with reference markets, composed of companies that compete in the segments in which it operates, Brazilian multinational companies, publicly-held companies or companies that have a compensation strategy similar to that of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s compensation policy aims to establish a strategy of constant search for attracting and retaining talents who can add value to its activities and, thereby, generate greater profitability for its shareholders. The compensation proposed by the Company to the Statutory Executive Board of Officers is based on offering a compensation plan linked to the market value of the Company&#8217;s shares. This strategy, in addition to allowing such talents to be remunerated competitively with the market, imbues these executives with a greater sense of ownership<i style="font-style:italic;"> </i>to the extent that the appreciation of the shares represents a personal gain, while an eventual depreciation of the value of the shares in the market can mean a relevant impact on their personal compensation, it aims to ensure greater alignment, within a strategy of creating value in the medium and long term.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company also practices, in relation to short-term variable compensation, the distribution of profit sharing based on goals that are aligned with the Company&#8217;s strategy and that are appropriate for each portion of its employees.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For some employees who have direct or indirect and active responsibility in the Company&#8217;s long-term strategy, the possibility of accessing a long-term incentive program linked to the appreciation of the Company&#8217;s shares is also offered.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Both programs aim to encourage the Company&#8217;s expansion and the achievement of established business goals, based on the creation of incentives aimed at greater alignment of our executives, managers and employees with the Company&#8217;s objectives.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s compensation policy is available at <u style="color:#0562c1;text-decoration-color:#0562c1;text-decoration-line:underline;text-decoration-style:solid;">https://ri.suzano.com.br</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038363"></a><a name="_Toc67165750"></a><font style="font-style:italic;font-weight:bold;">Composition breakdown, indicating:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(i)</font><b style="font-weight:bold;">description of the compensation elements and the objectives of each of these elements</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The following are considered as elements of compensation:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Annual fixed compensation: includes salary or pro-labore, direct and indirect benefits and compensation for participation in committees, among others, with the objective of reward in the short term.</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Variable compensation: includes bonuses, profit sharing, compensation for attendance in meetings, among others, with the objective of reward in the short and medium term.</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Share-based compensation: long-term incentive program that covers (i) the Phantom Shares Plan (Phantom Shares), the (ii) SAR Plan (Share Appreciation Rights) and the (iii) Performance Shares Plan, with the objective of reward in the medium and long term.</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Post-employment benefits: covers private pension, with the objective of assistance after the </div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;">termination of the relationship with the Company.</div><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Benefits motivated by the cessation of the exercise of the position: none</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The application of these elements, as well as their objectives, occurs according to the bodies detailed below:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Toc99038364"></a><font style="font-style:italic;font-weight:bold;">Board of Directors</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fixed compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">All members of the Board of Directors are only entitled to a fixed compensation, which is established in accordance with market standards and aims to reward, attract and retain Directors who add value to the Company&#8217;s results.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In turn, Directors who are permanently dedicated and who are also part of Advisory Committees to the Board of Directors, in addition to fixed compensation, are eligible to receive additional fees due to such participation in the committees.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">It is important to emphasize that, although the Board of Directors is a collegiate body, the compensation values of its members do not necessarily need to be uniform, since their determination must take into account subjective criteria, e.g. (i) the level of the professional&#8217;s responsibilities, (ii) their training and competence, (iii) the possible accumulation of positions and functions in the Company and (iv) the value of their services in the market. Thus, in order to ensure isonomy and equality, different amounts may be practiced as compensation for each of the directors, in the interests of the Company, as shown above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Variable Compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">No member of the Board of Directors is eligible to participate in the long-term Phantom shares incentive programs or the long-term stock option incentive program.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Benefits</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Members of the Board of Directors who do not have permanent dedication are not entitled to any benefit.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">With respect to the members of the Board of Directors who are permanently dedicated, the Company grants a life insurance benefit. In addition, the Company grants vehicles to members of the Board of Directors who, in addition to being permanent members, also occupy seats on Committees.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Toc67165752"></a><a name="_Toc99038365"></a><font style="font-style:italic;font-weight:bold;">Statutory Executive Board of </font><font style="font-style:italic;font-weight:bold;">Officers</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fixed compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the Statutory Executive Board of Officers are entitled to fixed monthly compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Variable compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the Statutory Executive Board of Officers are entitled to variable compensation and are eligible to participate in short-term incentive plans as a form of reward for achieving goals that support the Company&#8217;s short-term strategy.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Additionally, members of the Statutory Executive Board of Officers are eligible to participate in long-term incentive plans, which, through a phantom shares mechanism, rewards executives for achieving goals that support the Company&#8217;s medium and long-term strategic objectives.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Both tranches of variable compensation work to align executives with shareholders&#8217; objectives and the Company&#8217;s sustainability.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Both the fixed and variable compensation of the members of the Statutory Executive Board of Officers are established, in accordance with market standards, through surveys conducted by renowned consultancies specialized in the subject.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Benefits</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company grants the following benefits to members of the Statutory Executive Board of Officers : food vouchers, meal vouchers, group life insurance, life insurance for personal accidents, private pension, health check-up, health plan, dental plan and vehicle.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">As well as the compensation, the benefits offered also follow market standards through research conducted by a renowned consultancy specializing in the subject.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Toc99038366"></a><a name="_Toc67165753"></a><font style="font-style:italic;font-weight:bold;">Fiscal Council</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s Fiscal Council is not permanent and, when installed, is composed of independent professionals.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fixed compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The compensation policy of its members follows the existing legislation, which provides for compensation of at least 10% of the fixed compensation, on average, attributed to the members of the Statutory Executive Board of Officers , not counting the benefits, representation allowances and profit sharing distributed to the other officers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Variable compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the Fiscal Council are not eligible to receive any variable compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Benefits</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company makes the mandatory reimbursement of travel and accommodation expenses necessary for the performance of the function, in accordance with the existing legislation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">With the exception of reimbursement of expenses, members of the Fiscal Council are not eligible to receive benefits.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Toc99038367"></a><a name="_Toc67165754"></a><font style="font-style:italic;font-weight:bold;">Committees</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The statutory advisory committees to the Company&#8217;s Board of Directors (Management Committee; Sustainability and Strategy Committee; and Audit and Risk Management Committee) were extinguished at the Company&#8217;s extraordinary shareholder&#8217;s meeting held on April 1, 2019.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">At the same meeting, the Statutory Audit Committee was created, which remains the only advisory committee to the Company&#8217;s Board of Directors with statutory provisions. Subsequently, the Board of Directors established other non-statutory committees to advise the Board of Directors, including the Management and Finance Committee and the Compensation Committee.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fixed compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the Company&#8217;s committees are eligible for a fixed compensation that cannot exceed, in aggregate, the maximum amount defined by the Company&#8217;s management based on market research.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Variable Compensation</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the Company&#8217;s committees are not eligible to receive variable compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Benefits</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Members of the Company&#8217;s committees are not eligible to receive benefits.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(ii)</font><a name="_Toc99038368"></a><a name="_Toc67165755"></a><font style="font-style:italic;font-weight:bold;">in relation to the last 3 fiscal years, what is the proportion of each element in the total compensation</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In the last three years, the members of the Board of Directors, without permanent dedication, received fixed compensation, with no portion of variable compensation, share-based compensation or post-employment benefits, in the same way as the members of the Fiscal Council.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">As for members of the Board of Directors with permanent dedication, the table below indicates the percentage of the fixed and variable compensation applicable to the period, with no share-based compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.034336%;table-layout:auto;width:104.06%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:33.34%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Year</b></p></td><td style="vertical-align:top;width:33.33%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fixed Compensation (1)</b></p></td><td style="vertical-align:top;width:33.32%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Short-Term Variable Compensation (2)</b></p></td></tr><tr style="height:13.85pt;"><td style="vertical-align:top;width:33.34%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2021</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">100%</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">n/a</font></p></td></tr><tr style="height:14.2pt;"><td style="vertical-align:top;width:33.34%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2020</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">100%</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">n/a</font></p></td></tr><tr style="height:14.2pt;"><td style="vertical-align:top;width:33.34%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2019</font></p></td><td style="vertical-align:top;width:33.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">42%</font></p></td><td style="vertical-align:top;width:33.32%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">58%</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(1) Fixed compensation (salaries/management fees, charges, direct and indirect benefits and post-employment).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(2) Short-term variable compensation (bonuses, charges and profit sharing).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Regarding the Statutory Executive Board of Officers, the table below indicates the percentage of the fixed compensation portion (salaries/management fees, direct and indirect and post-employment benefits), the short-term variable (bonus and profit sharing) and the long-term variable compensation (share-based):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.034336%;table-layout:auto;width:104.06%;" align="center"><tr style="height:25.25pt;"><td style="vertical-align:top;width:16.55%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Year</b></p></td><td style="vertical-align:top;width:27.81%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fixed Compensation (1)</b></p></td><td style="vertical-align:top;width:27.81%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Short-Term Variable Compensation (2)</b></p></td><td style="vertical-align:top;width:27.8%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Long-Term Variable Compensation (3)</b></p></td></tr><tr style="height:12.55pt;"><td style="vertical-align:top;width:16.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2021</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">32%</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">15%</font></p></td><td style="vertical-align:top;width:27.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">53%</font></p></td></tr><tr style="height:12.75pt;"><td style="vertical-align:top;width:16.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2020</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">25%</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9%</font></p></td><td style="vertical-align:top;width:27.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">66%</font></p></td></tr><tr style="height:12.75pt;"><td style="vertical-align:top;width:16.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2019</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">37%</font></p></td><td style="vertical-align:top;width:27.81%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2%</font></p></td><td style="vertical-align:top;width:27.8%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">60%</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(1) Fixed compensation (salaries/management fees, charges, direct and indirect benefits and post-employment).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(2) Short-term variable compensation (bonuses, charges and profit sharing).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(3) Long-term variable compensation (share-based).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">These percentages may vary depending on the result of the indicators that guide the variable compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(iii)</font><a name="_Toc99038369"></a><a name="_Toc67165756"></a><font style="font-style:italic;font-weight:bold;">methodology for calculating and adjusting each of the compensation elements</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The amounts of compensation paid by the Company to members of the Statutory Executive Board of Officers, Board of Directors and Committees are periodically compared with the amounts paid by the market, especially by competing companies in the segments in which the Company operates, Brazilian multinational companies, publicly-held companies or companies that have a compensation strategy similar to that practiced by the Company, according to guidelines established by the compensation strategy, through research carried out by renowned external consultants specialized in the subject, in order to determine the degree of competitiveness and, if necessary, assess the need to propose adjustments in some component of the compensation that is misaligned.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(iv)</font><a name="_Toc99038370"></a><a name="_Toc67165757"></a><font style="font-style:italic;font-weight:bold;">reasons that justify the composition of the compensation</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">We seek to align the composition of our compensation with the proportions practiced by the market and these are also dimensioned in order to achieve the objective of the compensation strategy regarding the positioning of total compensation above the average of this selected market.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(v)</font><a name="_Toc99038371"></a><a name="_Toc67165758"></a><font style="font-style:italic;font-weight:bold;">the existence of members not remunerated by the issuer and the reason for this fact</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are no unpaid members.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc99038372"></a><a name="_Toc67165759"></a><font style="font-style:italic;font-weight:bold;">Key performance indicators that are taken into account when determining each compensation element.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For the fixed portion of the compensation, market research and the relative positioning of the compensation in relation to this market are considered.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The variable installments (variable compensation and share-based compensation) are based on indicators that demonstrate support for the Company&#8217;s strategy.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The indicators used to determine individual performance are:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Working capital, including inventories and payment term;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Equity </i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">raising</font><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;"> </i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">and debt;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Compliance with defined critical activities;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Compliance with the budget within the defined limits;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Fixed, variable and marketing costs;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Effective availability of planting areas;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Company&#8217;s net debt and cost;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">EBITDA;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Effective preparation and presentation of a business plan;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Execution of steps related to innovation actions;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Effective closing of contracts;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Free cash flow;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Effective implementation of planned activities;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Operational integrations of acquired companies;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Maintenance of an adequate capital structure;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Contribution margin;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Pulp and paper production levels;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Operating Cash Generation;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Investment analysis through net present value, project return rates and </font><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">payback</i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="width:68.25pt;"></td><td style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:5.55pt;padding:0pt;">-</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Analysis of forest operating, industrial and logistics efficiency.</font></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For the post-employment benefit, market research and the relative positioning of such adoption in this same market are also taken into consideration.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">d)</font><a name="_Toc99038373"></a><a name="_Toc67165760"></a><font style="font-style:italic;font-weight:bold;">How compensation is structured to reflect the evolution of performance indicators</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The fixed portion of the compensation is structured for a positioning in the median of the selected market, based on a survey conducted by a consultancy specializing in the subject.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Variable compensation is structured in such a way that only when minimum levels of the defined goals are reached, the variable compensation is recognized.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Additionally, the Company has a structured program to assess the alignment of the behavior of the members of the Statutory Executive Board of Officers, in order to ensure their alignment with the Company&#8217;s goals, values and ethical principles. This assessment is also reflected in a portion of the variable compensation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">e)</font><a name="_Toc99038374"></a><a name="_Toc67165761"></a><font style="font-style:italic;font-weight:bold;">How the compensation policy or practice aligns with the short, medium and long-term interests of the issuer</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company seeks to align its compensation practices with short-term interests by attracting and retaining professionals who add value to its business.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Fixed compensation practices that aim at immediate reward, by means of monitoring the behavior of the Company&#8217;s comparison market, are in line with the Company&#8217;s short-term interests.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">On the other hand, variable compensation practices, especially in the form of bonuses and profit sharing, act as a hybrid between the Company&#8217;s short-term interests (when referring to the results achieved) and the medium term (results to be achieved).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">As for share-based compensation practices, these ensure the commitment of those who are eligible for the continuity of the Company and its long-term interests.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">f)</font><a name="_Toc67165762"></a><a name="_Toc99038375"></a><font style="font-style:italic;font-weight:bold;">Existence of compensation supported by subsidiaries, controlled companies or direct or indirect controll</font><font style="font-style:italic;font-weight:bold;">ing shareholders</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The compensation of managers who occupy a position in the management of controlled companies, for the functions performed in them, received from such companies, is not submitted to the resolution of the Company&#8217;s General Meeting, and, therefore, such amount is not included in the amounts disclosed in section 13.2 of this Reference Form.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Board of Directors</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are members of the Board of Directors who, within the scope of their respective participation in the Board of Directors and/or Executive Board of Suzano Holding S.A. and IPLF Holding S.A., also have fixed and variable compensation (bonus and profit sharing) paid directly by these companies, Suzano Holding S.A. is the direct parent of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Statutory Executive Board of Officers</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are members of the Statutory Executive Board of Officers who receive fixed compensation from Ibema Companhia Brasileira de Papel, a company directly controlled by the Company, as fees for participating in the Board of Directors, according to the amounts highlighted in item 13.15 below.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fiscal Council</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are no members of the Fiscal Council whose compensation is supported by subsidiaries, controlled companies or direct or indirect controllers.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Committees</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Among the members of the non-statutory Committees, there are members who also receive fixed and variable compensation (bonus and profit sharing) supported by direct controlling shareholders, given their participation in the Board of Directors and/or Statutory Executive Board of Officers of the following companies: Suzano Holding S.A. and IPLF Holding S.A.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:0.05pt;text-align:justify;text-indent:-0.05pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.4pt;text-indent:0pt;white-space:nowrap;">g)</font><a name="_Toc99038376"></a><a name="_Toc67165763"></a><font style="font-style:italic;font-weight:bold;">Existence of any compensation or benefit linked to the occurrence of a certain corporate event, such as the sale of corporate control of the issuer.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Currently, there is no compensation or benefit for management members linked to the occurrence of a certain corporate event.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">h)</font><a name="_Toc99038377"></a><a name="_Toc67165764"></a><font style="font-style:italic;font-weight:bold;">Practices and procedures adopted by the board of directors to define the individual compensation of the board of directors and the executive board, indicating:</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">i.</font><font style="font-style:italic;font-weight:bold;">the issuer&#8217;s bodies and committees that participate in the decision-making process, identifying how they participate</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Board of Directors appoints a Nomination and Compensation Committee whose function is to individualize the global amount of the compensation of Directors and Officers approved at the Annual Shareholder&#8217;s Meeting, observing market research carried out by consulting firms.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Thus, the Nomination and Compensation Committee is a body that reports to the Board of Directors and has its activities advised by the Company&#8217;s Expertise-Compensation area. Meetings of the Nomination and Compensation Committee are convened according to the need to review the manager&#8217;s compensation.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Nomination and Compensation Committee is currently formed by 2 (two) members of the Board of Directors and 2 (two) non-management members who have experience in Executive and Board of Directors Compensation and are not linked to any consulting companies that carry out the aforementioned market research. The members of the Nomination and Compensation Committee are selected based on nominations by the Board of Directors, being submitted to interviews by the Committee Coordinator. The Selection Process of the members assesses their independence from the Company itself and the contracted consultants, and the technical knowledge of the members in executive compensation (management and boards of directors).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">ii.</font><a name="_Toc99038378"></a><a name="_Toc67165765"></a><font style="font-style:italic;font-weight:bold;">criteria and methodology used to determine individual compensation, indicating whether studies are used to verify market practices, and, if so, the comparison criteria and scope of these studies</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The total compensation of managers is established in accordance with market standards, based on research carried out by a body of renowned consulting firms specializing in the subject.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Annually, two surveys are conducted by renowned consulting firms to define criteria and compare the compensation of the Board of Directors, Fiscal Council and Committees.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Currently, consulting firms Willis Towers Watson and Korn Ferry are used, which analyze the main practices and trends of a group of large companies with characteristics and size comparable to the Company, taking into account the time spent by the Directors, monthly compensation, total fees considering short- and long-term compensation and participation in other committees, in addition to which benefits are granted in these organizations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:0.05pt;text-align:justify;text-indent:-0.05pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.4pt;text-indent:0pt;white-space:nowrap;">iii.</font><a name="_Toc99038379"></a><a name="_Toc67165766"></a><font style="font-style:italic;font-weight:bold;">how often and in what way does the board of directors assess the adequacy of the issuer&#8217;s compensation policy</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Annually, the Nomination and Compensation Committee evaluates the data received from the surveys carried out by Willis Towers Watson and Korn Ferry and verifies the need to adapt or review the compensation policy, seeking to maintain a balance with the companies being compared and attractiveness in the search for Directors suitable to the complexity of their roles in the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">13.2</b> <b style="font-weight:bold;">- Total Compensation of the Board of Directors, Statutory Executive Board of Officers and Fiscal Council</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.205078%;table-layout:auto;width:128.41%;" align="center"><tr style="height:17.95pt;"><td colspan="5" style="vertical-align:top;width:100%;background:#c0c0c0;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total compensation expected for the current Fiscal Year 12/31/2022 - Annual Amounts</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:22.06%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:19.48%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:middle;width:19.48%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:19.49%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total number of members</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.00</b></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Number of paid members</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.00</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Annual fixed compensation</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">19,980,929.04</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">26,700,965.61</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,042,767.41</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">47,724,662.07</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Salary or pro-labore</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,533,861.35</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">25,819,196.73</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,042,767.41</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">39,395,825.48</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and indirect benefits</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">31,989.78</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">881,768.89</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">913,758.67</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Participation in committees</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7,415,077.92</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7,415,077.92</font></p></td></tr><tr style="height:30.75pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other fixed compensation</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Variable compensation</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">18,267,705.96</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">18,267,705.96</b></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.205078%;table-layout:auto;width:128.41%;" align="center"><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">18,267,705.96</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">18,267,705.96</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Attendance in meetings</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Commissions</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:50.25pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other variable compensation</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Post-employment</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">715,812.20</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">715,812.20</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Employment Termination</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td></tr><tr style="height:18.45pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Share-based (including options)</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">73,409,066.98</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">73,409,066.98</b></p></td></tr><tr style="height:62.15pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Note</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total compensation</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">19,980,929.04</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">119,093,550.76</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,042,767.41</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">140,117,247.21</b></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Other&#185;</font></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,809,803.35</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,864,395.96</font></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">208,553.48</font></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9,882,752.79</font></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:19.45%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total compensation with charges</b></p></td><td style="vertical-align:middle;width:22.06%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">23,790,732.39</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">124,957,946.71</b></p></td><td style="vertical-align:middle;width:19.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,251,320.89</b></p></td><td style="vertical-align:middle;width:19.49%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">150,000,000.00</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">&#185; </b>Mandatory social charges are considered, amounts highlighted according to Circular Letter </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-15.010574%;width:130.02%;" align="center"><tr style="height:17.95pt;"><td colspan="5" style="vertical-align:top;width:100%;background:#c0c0c0;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total Compensation for the Fiscal Year on 12/31/2021 - Annual Amounts</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:19.23%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:19.22%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total number of members</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.08</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.08</b></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Number of paid members</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.08</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.08</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Annual fixed compensation</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">16,803,220.60</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">23,018,906.01</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">882,000.00 _</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">40,704,126.61</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Salary or pro-labore</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11,053,936.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">22,668,904.18</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">882,000.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">34,604,840.18</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and indirect benefits</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">26,616.60</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">350,001.83</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">376,618.43</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Participation in committees</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,722,668.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,722,688.00</font></p></td></tr><tr style="height:31.5pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other fixed compensation</font></p></td><td style="vertical-align:top;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:top;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:top;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on the annual fixed compensation.</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Variable compensation</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12,991,759.07</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12,991,759.07</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,991,759.07</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,991,759.07</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Attendance in meetings</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-15.010574%;width:130.02%;" align="center"><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Commissions</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:47.25pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other variable compensation</font></p></td><td style="vertical-align:top;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:top;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:top;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Post-employment</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">503,011.44</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">503,011.44</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Employment Termination </b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td></tr><tr style="height:18.45pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Share-based (including options)</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">47,274,890.38</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">47,574,890.38</b></p></td></tr><tr style="height:62.15pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Note</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total compensation</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">16,803,220.60</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">83,788,566.90</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">882,000.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">101,473,787.50</b></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Other&#185;</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,355,320.80</font></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,833,752.10</font></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">176,400.00</font></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,365,472.90</font></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:middle;width:20.51%;background:#dcdcdc;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total compensation with charges</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20,158,541.40</b></p></td><td style="vertical-align:middle;width:19.23%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">88,622,319.00</b></p></td><td style="vertical-align:middle;width:20.51%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">1,058,400.00</b></p></td><td style="vertical-align:middle;width:19.22%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">109,839,260.40</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">&#185; </b>Mandatory social charges are considered, amounts highlighted according to Circular Letter</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.187439%;table-layout:auto;width:128.37%;" align="center"><tr style="height:17.95pt;"><td colspan="5" style="vertical-align:top;width:100%;background:#c0c0c0;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total Compensation for the Fiscal Year on 12/31/2020 - Annual Amounts</b></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:22.07%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Board of Directors</font></p></td><td style="vertical-align:top;width:19.48%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td><td style="vertical-align:top;width:19.48%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Fiscal Council</font></p></td><td style="vertical-align:top;width:19.49%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total</font></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total number of members</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.58</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">20.58</font></p></td></tr><tr style="height:16.7pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.58</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">20.58</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Annual fixed compensation</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Salary or pro-labore</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11,202,154.43</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">22,416,869.91</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,250,000.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">34,412,224.34</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and indirect benefits</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">30,082.30</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">299,555.86</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">329,638.16</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Participation in committees</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,435,124.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,435,124.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,172,789.21</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,909,959.91</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">158,640.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,241,389.12</font></p></td></tr><tr style="height:62.75pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other fixed compensation</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Variable compensation</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,757,596.78</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,757,596.78</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Attendance in meetings</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.187439%;table-layout:auto;width:128.37%;" align="center"><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">commissions</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:62.75pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other variable compensation</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">post-employment</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">522,096.74</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">522,096.74</font></p></td></tr><tr style="height:16.95pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Employment Termination</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:18.45pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Share-based (including options)</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:2.25pt solid #000000;border-left:1px solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">75,022,098.88</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">75,022,098.88</font></p></td></tr><tr style="height:62.15pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Note</b></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.8pt;"><td style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total compensation</font></p></td><td style="vertical-align:top;width:22.07%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">18,840,149.94</b></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">113,928,178.08</b></p></td><td style="vertical-align:top;width:19.48%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">951,840.00</b></p></td><td style="vertical-align:top;width:19.49%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">133,720,168.02</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.203903%;table-layout:auto;width:128.4%;" align="center"><tr style="height:17.45pt;"><td colspan="10" style="vertical-align:top;width:99.9%;background:#c0c0c0;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total Compensation for the Fiscal Year on 12/31/2019 - Annual Amounts</b></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Board of Directors</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Fiscal Council</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total number of members</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.67</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">19.67</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.67</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">19.67</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Annual fixed compensation</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Salary or pro-labore</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">6,546,692.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">21,909,914.49</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">788,619.75</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">29,245,226.24</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and indirect benefits</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">614,387.67</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">615,872.95</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,230,260.62</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Participation in committees</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2,751,812.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2,751,812.00</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.43%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,859,700.80</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,838,929.89</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">157,723.95</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">6,856,354.64</font></p></td></tr><tr style="height:62.75pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other fixed compensation</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on annual fixed compensation.</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Variable compensation</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,610,570.46</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,610,570.46</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Attendance in meetings</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">50,000.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">50,000.00</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Commissions</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Others</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,026,384.20</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,026,384.20</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.203903%;table-layout:auto;width:128.4%;" align="center"><tr style="height:62.75pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Description of other variable compensation</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">INSS (employer&#8217;s charge) levied on variable compensation (bonus).</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Post-employment</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">516,206.64</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">516,206.64</font></p></td></tr><tr style="height:16.95pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Employment Termination</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td></tr><tr style="height:18.45pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Share-based (including options)</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">44,860,242.65</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:2.25pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">44,860,242.65</font></p></td></tr><tr style="height:62.15pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Note</b></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The number of members of each body was calculated considering the annual average of the number of members calculated monthly.</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:2.25pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:16.8pt;"><td colspan="2" style="vertical-align:top;width:19.45%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total compensation</font></p></td><td colspan="2" style="vertical-align:top;width:22.05%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">17,930,897.67</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">74,351,737.08</font></p></td><td colspan="2" style="vertical-align:top;width:19.46%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">946,343.70</font></p></td><td colspan="2" style="vertical-align:top;width:19.47%;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">93,228,978.45</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"><a name="_Toc99038380"></a><a name="_Toc67165767"></a></font><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">13.3 </b></font><font style="font-style:italic;font-weight:bold;">Variable compensation of the board of directors, statutory executive board and fiscal council</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Current fiscal year (2022)</b></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-5.738472%;table-layout:auto;width:111.47%;" align="center"><tr style="height:37.9pt;"><td style="vertical-align:middle;width:33.55%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:middle;width:16.6%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:16.61%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">statutory</b></p></td><td style="vertical-align:middle;width:16.61%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:16.61%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Total number of members</b></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.00</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Number of paid members</b></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.00</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Bonus</b></p></td><td colspan="4" style="vertical-align:middle;width:66.44%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.15pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Amount provided for in the compensation plan - goals achieved</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:13.95pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Profit sharing</b></p></td><td colspan="4" style="vertical-align:middle;width:66.44%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">18,267,705.96</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">18,267,705.96</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:middle;width:33.55%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Value provided for in the compensation plan - goals achieved</font></p></td><td style="vertical-align:middle;width:16.6%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11,724,025.96</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.61%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">11,724,025.96</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Fiscal year ended on 12/31/2021</b></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:99.88%;" align="center"><tr style="height:37.9pt;"><td style="vertical-align:middle;width:31.88%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:middle;width:16.58%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:17.68%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">statutory</b></p></td><td style="vertical-align:middle;width:16.16%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:17.68%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total number of members</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">10.00</b></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">7.08</b></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">3.00</b></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.08</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.08</b></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">0.00</b></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">6.08</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td colspan="4" style="vertical-align:middle;width:68.12%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.15pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:99.88%;" align="center"><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan -</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">goals achieved</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:13.95pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td colspan="4" style="vertical-align:middle;width:68.12%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">13,978,040.69</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">13,978,040.69</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan - goals achieved</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7,960,167.22</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7,960,167.22</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:top;width:31.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Amount effectively recognized in the fiscal year</font></p></td><td style="vertical-align:middle;width:16.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,991,759.07</font></p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:17.68%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,991,759.07</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Fiscal year ended on 12/31/2020</b></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-2.034336%;table-layout:auto;width:104.06%;" align="center"><tr style="height:37.9pt;"><td style="vertical-align:middle;width:44.66%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:middle;width:14.74%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:15.84%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">statutory</b></p></td><td style="vertical-align:middle;width:8.47%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:16.27%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:17.95pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total number of members</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.58</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">20.58</b></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td colspan="4" style="vertical-align:middle;width:55.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.15pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan -</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">goals achieved</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:13.95pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td colspan="4" style="vertical-align:middle;width:55.33%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14,541,512.70</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14,541,512.70</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan - goals achieved</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,281,051.35</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,281,051.35</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:top;width:44.66%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Amount effectively recognized in the fiscal year</font></p></td><td style="vertical-align:middle;width:14.74%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.84%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,757,596.78</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;background:#ffff00;">&#8203;</font></p></td><td style="vertical-align:middle;width:8.47%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:16.27%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,757,596.78</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;background:#ffff00;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Fiscal year ended on 12/31/2019</b></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-3.2690468%;table-layout:auto;width:106.53%;" align="center"><tr style="height:37.8pt;"><td style="vertical-align:middle;width:43.87%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:middle;width:15.48%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:14.07%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">statutory</b></p></td><td style="vertical-align:middle;width:11.26%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:15.29%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:13.85pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total number of members</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.67</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">19.67</font></p></td></tr><tr style="height:14.15pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2.00</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.00</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Bonus</font></p></td><td colspan="4" style="vertical-align:middle;width:56.12%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:25.05pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-3.2690468%;table-layout:auto;width:106.53%;" align="center"><tr style="height:24.9pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan -</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">goals achieved</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">5,081,921.00</font></p></td></tr><tr style="height:14.1pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Profit sharing</font></p></td><td colspan="4" style="vertical-align:middle;width:56.12%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Minimum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:24.9pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Maximum amount provided for in the compensation plan</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14,422,120.00</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14,422,120.00</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Amount provided for in the compensation plan - goals achieved</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,213,060.00</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,213,060.00</font></p></td></tr><tr style="height:25.05pt;"><td style="vertical-align:top;width:43.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Amount effectively recognized in the fiscal year</font></p></td><td style="vertical-align:middle;width:15.48%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:14.07%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,610,570.46</font></p></td><td style="vertical-align:middle;width:11.26%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:15.29%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,610,570.46</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">13.4 </b></font><b style="font-weight:bold;">Share-based compensation plan for the board of directors and statutory executive board</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">a)</font><b style="font-weight:bold;">General Terms and Conditions</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company has three share-based Long-Term Incentive Plans: (i) the Phantom Shares Plan (Phantom Shares), the (ii) SAR Plan (Share Appreciation Rights) and the (iii) Performance Shares Plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">General conditions for the grant are established by the Company, which are defined in specific regulations according to the guidelines and conditions established by the Bylaws and by the Company&#8217;s Board of Directors.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In general, the amount to be awarded is determined based on (i) achievement of goals and (ii) discretionary amounts assigned by the Company&#8217;s management in relation to the level of compliance with corporate indicators.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(i)</font><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Phantom Stock Plan</b><b style="font-weight:bold;"> </b>(Phantom shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For its main executives and key members among its employees, the Company has a long-term incentive plan linked to the Company&#8217;s share price, with payment in cash (cash settlement) (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Phantom Shares Plan</u>&#8221;) </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The determination of the number of phantom shares to be granted to each beneficiary is defined taking as a reference the beneficiary&#8217;s salary, a salary multiple and the average of the last 90 quotations of the Company&#8217;s share on B3.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The grace period and maturity of the plans may vary from 3 (three) to 5 (five) years, from the grant date, according to the characteristics of each plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(ii)</font><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">SAR Plan</b><b style="font-weight:bold;"> </b>(Share Appreciation Rights)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For its main executives and key members among its employees, the Company has the SAR (Share Appreciation Rights, or Share Value Appreciation Plan) (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">SAR Plan</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"> <font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The beneficiary must invest 5% (five) of the total amount corresponding to the number of phantom share options at the time of grant and 20% (twenty) after 3 (three) years to effect the acquisition of the option.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The grace period of the plan corresponds to 3 (three) years from the grant date, with a lock-up period of 6 months. Upon completion of the lock-up period, the beneficiary may exercise the plan within the exercise window of up to 2 (years) after the grace period ends.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The share value is measured based on the average share price of the last 90 trading sessions as of the closing of the last trading day of the month prior to the granting month. The measurement also considers the Total Shareholder Return (&#8220;TSR&#8221;), used to measure the performance of shares of different companies in a certain time interval, combining the share price to demonstrate the return provided to the shareholder. The installments of these plans are adjusted based on the variation in the price of SUZB3 shares on B3, between the grant date and the payment date.</p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-weight:bold;min-width:28.35pt;white-space:nowrap;">(iii)</font><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Restricted Performance Shares Plan</b><b style="font-weight:bold;"> </b>(Performance Shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company has a Restricted Shares Plan based on the Company&#8217;s performance (Restricted Shares Program).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">This plan associates the number of restricted shares granted to the Company&#8217;s performance in relation to the targets contracted for the period. Such targets are defined according to a strategic priority metric for the company and are approved by the Board of Directors. For the current year, operating cash generation and environmental, social and governance (&#8220;Environmental, social and corporate governance &#8211; ESG&#8221;) goals were stablished.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"> <font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The number of restricted shares is defined in financial terms, being later converted into shares based on the last 60 trading sessions of SUZB3 on B3, prior to December 31 of the year prior to the grant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"> <font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">After the measurement of the goals that takes place 12 months after the execution of the contract, the restricted shares will be granted immediately (conditioned to the achievement of the goals established in the program). However, the grant beneficiaries must comply with the lock-up period of 36 (thirty-six) months, during which they will not be able to trade the shares.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">b)</font><a name="_Toc99038381"></a><a name="_Toc67165769"></a><font style="font-style:italic;font-weight:bold;">Main objectives of the plan</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Company&#8217;s ILP Plans were created with the objective of:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(i)</font>encouraging the Company&#8217;s expansion and the achievement of established business goals, through the creation of incentives aimed at greater integration of its executives, managers and employees, as shareholders of the Company;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:0.05pt;text-align:justify;text-indent:-0.05pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.4pt;text-indent:0pt;white-space:nowrap;">(ii)</font>enabling the Company to retain its professionals, offering them, as an additional advantage and incentive, the opportunity to be Company shareholders, under the terms, conditions and forms provided for in the respective regulation and program plan; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;min-width:28.35pt;white-space:nowrap;">(iii)</font>promoting the Company&#8217;s good performance and the achievement of the interests of its shareholders through a long-term commitment on the part of its executives, managers and employees.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">c)</font><a name="_Toc99038382"></a><a name="_Toc67165770"></a><font style="font-style:italic;font-weight:bold;">How the plan contributes to these goals</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">With the possibility of becoming shareholders of the Company in the future and/or receiving compensation linked to the appreciation of the shares issued by the Company, the beneficiaries of the ILP Plans will have incentives to effectively commit to the Company&#8217;s objectives, thus maximizing our profits, as well as generating a long-term relationship between these professionals and the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">d)</font><a name="_Toc99038383"></a><a name="_Toc67165771"></a><font style="font-style:italic;font-weight:bold;">How the plan fits into the issuer&#8217;s compensation policy</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The ILP Plans are part of the Company&#8217;s compensation policy, since by enabling the beneficiaries to become Company shareholders and/or receive compensation linked to the appreciation of the shares issued by the Company, they achieve the objectives of the compensation policy, aligning the interests between the beneficiaries and the Company, in addition to attracting, rewarding, retaining and encouraging the beneficiaries to conduct its business.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">e)</font><a name="_Toc99038384"></a><a name="_Toc67165772"></a><font style="font-style:italic;font-weight:bold;">How the plan aligns the interests of the managers and the issuer in the short, medium and long term</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The grants made based on the ILP Plans align the interests of the managers and the issuer in the short, medium and long term, since the ILP Plans are based on performance indicators, encouraging the managers&#8217; interest in working on the Company&#8217;s appreciation for the consequent appreciation of its shares or options granted.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Regarding the Phantom Stock Plan (Phantom Shares), SAR Plan (Share Appreciation Rights) and Performance Shares Plan, there is a grace period foreseen, in order to stimulate the beneficiary&#8217;s interest to remain in the Company and to focus on long-term sustainable management actions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">f)</font><a name="_Toc99038385"></a><a name="_Toc67165773"></a><font style="font-style:italic;font-weight:bold;">Maximum number of shares covered</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The maximum number of shares covered is conditioned to the achievement of the established goals and discretionary assessment attributed by the Company&#8217;s management in relation to the level of compliance with the corporate indicators.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">g)</font><a name="_Toc99038386"></a><a name="_Toc67165774"></a><font style="font-style:italic;font-weight:bold;">Maximum number of options to be granted</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:12pt;min-width:36pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan (<i style="font-style:italic;">Phantom Shares</i>) and SAR Plan (<i style="font-style:italic;">Share Appreciation rights</i>):<font style="font-size:12pt;"> </font>The maximum number of shares to be granted to each beneficiary is defined taking as a reference the beneficiary&#8217;s salary, a salary multiple according to the level of the position and the average of the last 90 quotations of the Company&#8217;s share on B3.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:12pt;min-width:36pt;white-space:nowrap;">&#9679;</font><i style="font-style:italic;">Performance Shares </i>Plan: The maximum number of shares to be granted is defined in financial terms, being later converted into shares based on the last 60 trading sessions of SUZB3 on B3, prior to December 31 of the year prior to grant.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">h)</font><a name="_Toc99038387"></a><a name="_Toc67165775"></a><font style="font-style:italic;font-weight:bold;">Share acquisition conditions</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan (<i style="font-style:italic;">Phantom shares</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Phantom shares will only be paid if the beneficiary maintains the employment relationship on the date of payment and has completed the grace period of the program.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Therefore, <font style="font-size:12pt;">in the event of termination on the initiative of the Company or the beneficiary, before completing the grace period, the beneficiary loses the right to receive </font>all <font style="font-size:12pt;">amounts.</font> In the event of retirement, the maturity of the terms for exercising the phantom shares will be anticipated, granting the beneficiary the right to immediately exercise the entirety of the plan.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font> SAR Plan (<i style="font-style:italic;">Share Appreciation Rights</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.27;text-align:justify;margin:0pt;">The beneficiary will be entitled to exercise the plan if he/she maintains the employment relationship on the date of payment, has fulfilled the grace period and lock-up of the program and has made the due investments stipulated in the contract.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.27;text-align:justify;margin:0pt;">In the event of termination, the following rules are considered:</p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">&#9679;</font>Termination by the company: the beneficiary loses the right to redeem the shares, but receives the 5% invested at the time of grant, adjusted by the IPCA.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">&#9679;</font>Termination by the employee: The employee loses the right to the shares and the 5% investment paid in the grant.</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;">Retirement: the expiration of the periods foreseen for the exercise of the phantom shares will be brought forward, granting the beneficiary the right to immediately exercise the entirety of the plan.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Restricted Performance Shares Plan (<i style="font-style:italic;">Performance Shares</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Directors and key members of the Company are eligible for this plan, after validation by the Board of Directors.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:-0.05pt;margin:0pt;">Regarding the acquisition conditions, the granting of restricted shares is conditioned to the Company&#8217;s performance in relation to the goals established in the grant agreement and also to the permanence of the beneficiaries during the reference period for the determination of the goals.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:-0.05pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In the event of termination of the relationship between the Company and the beneficiary, the following rules are defined for the options granted herein:</p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">&#9679;</font>Termination at the initiative of the beneficiary: The beneficiary will not be entitled to the granting of Restricted Shares, referring to the current year&#8217;s goal if he/she does not complete the period from January to December and reaches the goal, and may only receive all the Restricted Shares granted herein, respecting the Lockup Periods forecast for each year worked at the Company;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">&#9679;</font>Termination at the initiative of the Company: The beneficiary may exercise all options, exercisable or not, respecting the Grace Periods provided for each year worked at the Company; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;min-width:36pt;white-space:nowrap;">&#9679;</font>Death or permanent disability: The beneficiary and/or heirs may exercise her/his options, exercisable or not, within 30 (thirty) days from the event (disability or death).</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">i)</font><a name="_Toc99038388"></a><a name="_Toc67165776"></a><font style="font-style:italic;font-weight:bold;">Criteria for setting the acquisition or exercise price</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">(</u>Phantom shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There is no exercise price, as the plan is not based on options, but on the value of the shares. However, the gain corresponding to each phantom shares granted is calculated as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VR = VMA x Number of phantom shares, being:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VR = Redeemed Amount = Amount to be redeemed by the beneficiary.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VMA = quotation of the Company&#8217;s shares calculated by the average of the last 90 trading sessions, counting from the closing of the last trading day preceding the settlement date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>SAR Plan (<i style="font-style:italic;">Share Appreciation Rights</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The exercise price, corresponding to each SAR (phantom option), at which the beneficiaries may exercise his/her option, is calculated as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Pe = 20% x average of the last 90 trading sessions before the grant date. The redeemed value is given by:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VR = [VMA - Pe ] x TSR, where:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VR = Redeemed Amount = Amount to be redeemed by the beneficiary</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">VMA = quotation of the Company&#8217;s shares calculated by the average of the last 90 trading sessions, counting from the closing of the last trading day preceding the settlement date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">TSR = percentage linked to the Company&#8217;s performance in relation to its competitors, which can vary from 75% to 125%, when applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Restricted Performance Shares Plan (Performance Shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">j)</font><a name="_Toc99038389"></a><a name="_Toc67165777"></a><font style="font-style:italic;font-weight:bold;">Criteria for setting the exercise period</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The exercise period must respect at least the cycle that the Company determines as adequate for the return of the beneficiaries&#8217; shares in the form of results for the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan (Phantom shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The exercise period is up to 5 years after the grant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>SAR Plan (Share Appreciation Rights)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The maximum term of exercise is 5 years after the grant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Restricted Performance Shares Plan (Performance Shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">k)</font><a name="_Toc67165778"></a><a name="_Toc99038390"></a><font style="font-style:italic;font-weight:bold;">Settlement</font><font style="font-style:italic;font-weight:bold;"> method</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan (Phantom Shares) and SAR Plan (Share Appreciation Rights)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Settlement is made in cash and is paid on the payroll in favor of the beneficiary when all conditions are met.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Performance Restricted Shares Plan (Performance Shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-family:'Calibri','Helvetica','sans-serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Performance Restricted Shares Plan, the settlement is made through the Company&#8217;s treasury shares</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">l)</font><a name="_Toc99038391"></a><a name="_Toc67165779"></a><font style="font-style:italic;font-weight:bold;">Restrictions on the transfer of shares</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan (Phantom shares) and SAR Plan (Share Appreciation rights)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Not applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Restricted Performance Shares Plan (Performance Shares)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There is a lockup period period of 36 (thirty-six) months, within which the transfer of shares is not allowed.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">m)</font><a name="_Toc99038392"></a><a name="_Toc67165780"></a><font style="font-style:italic;font-weight:bold;">Criteria and events that, when verified, will cause the suspension, change or termination of the plan</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">In the event of dissolution or liquidation of the Company, the beneficiaries of the Stock Option Plan will be able to exercise their options that can already be exercised in the period between the date of convening the general meeting of shareholders whose purpose is to resolve on the dissolution or liquidation of the Company and the date of the meeting.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Otherwise, the options will be extinguished, in the same way as its Regulation and the respective Adhesion Contracts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Stock Option Plans, as well as the Phantom Stock Plan and the SAR Plan, may be terminated, at any time, by decision of the Company&#8217;s management. The expiration of the plans will not affect the effectiveness of the options still in force that have been granted by means of the current regulation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">n)</font><a name="_Toc99038393"></a><a name="_Toc67165781"></a><font style="font-style:italic;font-weight:bold;">Effects of the manager&#8217;s withdrawal from the issuer&#8217;s bodies on his/her rights provided for in the share-based compensation plan</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Regarding the Phantom Shares Plan (Phantom Shares), (i) in the event of dismissal with cause or request for voluntary resignation or dismissal without cause by the company, the beneficiary will automatically lose any right to exercise the Phantom Shares granted to him/her, without indemnification; (ii) in the event of retirement, the expiration of the periods foreseen for the exercise of the Phantom Shares will be brought forward, granting the beneficiary the right to immediately exercise the entirety of the Phantom Shares; and (iii) in the absence of situation (i) above, the vesting conditions are considered to be fully satisfied, thus allowing the beneficiary to exercise its Phantom Shares under the terms defined by the regulations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">With respect to SAR Plan (Share Appreciation Rights), (i) in situations of dismissal for just cause or request for voluntary resignation, the beneficiary will automatically lose any right to exercise the SAR granted to </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">him/her, without compensation, also losing the amount invested to join the program; (ii) in the event of dismissal without just cause, the beneficiary will only receive the amount invested to join the program adjusted by the IPCA index; and (iii) in the event of retirement, the expiration of the periods foreseen for the exercise of the SAR will be brought forward.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">With respect to the Restricted Performance Shares Plan, (i)<b style="font-weight:bold;"> </b>Withdrawal on the initiative of the beneficiary: Will not be entitled to the granting of Restricted Shares, referring to the current year&#8217;s goal if he/she does not complete the competence from January to December and reaching the goal, and may only receive all Restricted Shares granted herein, respecting the Lockup Periods forecast for each year worked at the Company; and (ii) in the event of termination on the Company&#8217;s initiative, death and permanent disability: may exercise all options, exercisable or not, respecting the Grace Periods provided for each year worked at the Company;</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:28.35pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;"><a name="_Toc99038394"></a><a name="_Toc67165782"></a><font style="font-style:italic;font-weight:bold;">13.5 </font></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;text-align:justify;"><font style="font-style:italic;font-weight:bold;">Share-Based Compensation</font></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 28.35pt;"><font style="font-size:12pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The information from Phantom Stock Plans (Phantom Shares), SAR Plan (Share Appreciation Rights) and Restricted Performance Shares are presented in the following tables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are no share plans available to the Board of Directors or Fiscal Council. Only the Statutory Executive Board of Officers is covered by these plans.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There may be variation in the number of shares/options granted when comparing tables of consecutive years due to the change in the number of Statutory Officers from one year to the other.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.0884285%;table-layout:auto;width:124.17%;" align="center"><tr style="height:10.5pt;"><td colspan="2" style="vertical-align:middle;width:34.64%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td colspan="5" style="vertical-align:middle;width:65.35%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Forecast ending on 12/31/2022</b></p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">a) Body</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">b) Total number of members</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">c) Number of paid members</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.00</p></td></tr><tr style="height:24.75pt;"><td colspan="7" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2018</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2019</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2021</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2021</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,732</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">553,370</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,778</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">310,000</p></td></tr><tr style="height:39.75pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,732</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">304,446</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,778</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">310,000</p></td></tr><tr style="height:78.75pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008 on 04/03/2022</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,732 on 03/01/2022</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">276,685 on 03/01/2022 <br>16,685 on 03/01/2023</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,389 on 03/01/2024 <br>53,389 on 03/03/2025</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">155,000 on 04/01/2024 <br>155,000 on 04/01/2025</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.0884285%;table-layout:auto;width:124.17%;" align="center"><tr style="height:78.75pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008 on 04/03/2022</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,732 on 03/01/2022</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">16,685 on <br>03/01/2022 <br>16,685 on <br>03/01/2023 <br>520,000 on <br>03/01/2024</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,389 on 03/01/2024 <br>53,389 on 03/03/2025</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">155,000 on 04/01/2024 <br>155,000 on 04/01/2025</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr><tr style="height:15pt;"><td colspan="7" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Lost during fiscal year</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Exercised during the fiscal year</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Expired during the fiscal year</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;width:11.35%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 13.30</p></td><td style="vertical-align:middle;width:14.47%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 19.88</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td><td style="vertical-align:middle;width:12.2%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 57.88</p></td><td style="vertical-align:middle;width:12.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td></tr><tr style="height:48.75pt;"><td style="vertical-align:middle;width:23.28%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="6" style="vertical-align:middle;width:76.71%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.1766205%;table-layout:auto;width:124.35%;" align="center"><tr style="height:20.25pt;"><td style="vertical-align:middle;width:22.7%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td style="vertical-align:middle;width:13.48%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:middle;width:38.46%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:middle;width:25.34%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal period ending on 12/31/2021</b></p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">a) Body</p></td><td colspan="6" style="vertical-align:middle;width:77.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Board</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">b) Total number of members</p></td><td colspan="6" style="vertical-align:middle;width:77.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">c) Number of paid members</p></td><td colspan="6" style="vertical-align:middle;width:77.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6, 08</p></td></tr><tr style="height:24.75pt;"><td colspan="7" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2018</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/03/2019</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2021</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2021</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">609,024</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">65,524</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">553,370</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,778</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">310,000</p></td></tr><tr style="height:39.75pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">406,016</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">65,524</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">553,370</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,778</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">310,000</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.1766205%;table-layout:auto;width:124.35%;" align="center"><tr style="height:78.75pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008 on 04/03/2021 <br>203,008 on 04/03/2022</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,762 on 03/01/2021 <br>32,732 on 03/01/2022</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">260,000 on 03/01/2021 <br>276,685 on 03/01/2022 <br>16,685 on 03/01/2023</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,389 on 03/01/2024 <br>53,389 on 03/03/2025</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">155,000 on 04/01/2024 <br>155,000 on 04/01/2025</p></td></tr><tr style="height:78.75pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">203,008 on 04/03/2021 <br>203,008 on 04/03/2022</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">32,762 on 03/01/2021 <br>32,732 on 03/01/2022</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">16,685 on <br>03/01/2022 <br>16,685 on <br>03/01/2023 <br>520,000 on <br>03/01/2024</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,389 on 03/01/2024 <br>53,389 on 03/03/2025</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">155,000 on 04/01/2024 <br>155,000 on 04/01/2025</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="6" style="vertical-align:middle;width:77.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr><tr style="height:15pt;"><td colspan="7" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.16</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">lost during fiscal year</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 57.88</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 57.88</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:33pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;width:13.48%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 13.30</p></td><td style="vertical-align:middle;width:12.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 19.88</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td><td style="vertical-align:middle;width:12.91%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td><td style="vertical-align:middle;width:12.77%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 57.88</p></td><td style="vertical-align:middle;width:12.56%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td></tr><tr style="height:48.75pt;"><td style="vertical-align:middle;width:22.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="6" style="vertical-align:middle;width:77.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.087486%;padding-left:3.5pt;padding-right:3.5pt;width:128.17%;" align="center"><tr style="height:13.5pt;"><td colspan="2" style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:35.59%;background:#203764;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:17pt;margin:0pt;"><b style="font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td colspan="4" style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:64.4%;background:#203764;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3.5pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">a) Body</p></td><td colspan="5" style="vertical-align:middle;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">Statutory Board</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">b) Total number of members</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">8.00</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">c) Number of paid members</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">7.00</p></td></tr><tr style="height:26.25pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">03/01/2016</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/03/2018</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2019</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">36,606</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">913,536</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">87,974</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">564,446</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">18,303</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">913,536</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">87,974</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">564,446</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.087486%;padding-left:3.5pt;padding-right:3.5pt;width:128.17%;" align="center"><tr style="height:46.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:middle;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">18,303 on 03/01/2020</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">304,512 on 04/03/2020 <br>304,512 on 04/03/2021304,512 on 04/03/2022</p></td><td style="vertical-align:middle;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">43,987 on 03/01/2021 <br>43,987 on 03/01/2022</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">260,000 on 03/01/2021 <br>282,223 on 03/01/20222223 on 03/01/2023</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td></tr><tr style="height:43.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:middle;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">18,303 on 03/01/2020</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">304,512 on 04/03/2020 <br>304,512 on 04/03/2021304,512 on 04/03/2022</p></td><td style="vertical-align:middle;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">43,987 on 03/01/2021 <br>43,987 on 03/01/2022</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">22,223 <br>on 03/01/2022 22,223 on 03/01/2023520,000 on 03/01/2024</p></td><td style="vertical-align:middle;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">25,974 on 04/01/2023</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">Not applicable for Phantom Shares</p></td></tr><tr style="height:26.25pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:30pt;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:50pt;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">BRL 50.67</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.67</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.67</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.67</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.67</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:50pt;margin:0pt;">lost during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:50pt;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">BRL 38.97</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.40</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:50pt;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">BRL 16.93</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 13.30</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 19.88</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td></tr><tr style="height:40.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:10pt;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;text-indent:17pt;margin:0pt;">Not applicable for Phantom Shares</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.087486%;padding-left:3.5pt;padding-right:3.5pt;width:128.17%;" align="center"><tr style="height:13.5pt;"><td colspan="2" style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:35.59%;background:#203764;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td colspan="4" style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:64.4%;background:#203764;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3.5pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Fiscal year ending on 12/31/2019</b></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">a) Body</p></td><td colspan="5" style="vertical-align:middle;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">b) Total number of members</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.00</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">c) Number of paid members</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:26.25pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2015</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2016</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/03/2018</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2019</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">112,650</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">36,606</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">913,536</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">87,974</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">564,446</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">56,325</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">36,606</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">913,536</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">87,974</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">564,446</p></td></tr><tr style="height:46.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:top;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">56,325 on 03/01/2019</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">18,303 on 03/01/2019 <br>18,303 on 03/01/2020</p></td><td style="vertical-align:top;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">304,512 on 04/03/2020 <br>304,512 on 04/03/2021304,512 on 04/03/2022</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">43,987 on 03/01/2021 <br>43,987 on 03/01/2022</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">260,000 on 03/01/2021 <br>282,223 on 03/01/20222223 on 03/01/2023</p></td></tr><tr style="height:43.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:top;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">56,325 on 03/01/2019</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">18,303 on 03/01/2019 <br>18,303 on 03/01/2020</p></td><td style="vertical-align:top;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">304,512 on 04/03/2020 <br>304,512 on </p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">43,987 on 03/01/2021 <br>43,987 on 03/01/2022</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">22,223 <br>on 03/01/2022 22,223 on </p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.087486%;padding-left:3.5pt;padding-right:3.5pt;width:128.17%;" align="center"><tr style="height:43.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"></td><td style="vertical-align:top;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"></td><td style="vertical-align:top;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2021304,512 on 04/03/2022</p></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"></td><td style="vertical-align:top;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">03/01/2023520,000 on 03/01/2024</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr><tr style="height:26.25pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.82</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.82</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.82</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.82</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.82</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">lost during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;white-space:nowrap;width:13.55%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 10.80</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 16.93</p></td><td style="vertical-align:middle;white-space:nowrap;width:16.51%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 13.30</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 19.88</p></td><td style="vertical-align:middle;white-space:nowrap;width:15.96%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 41.10</p></td></tr><tr style="height:40.5pt;"><td style="vertical-align:middle;width:22.04%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="5" style="vertical-align:middle;white-space:nowrap;width:77.95%;border-bottom:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt 3.25pt 0pt 3.25pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Phantom Shares</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.1766205%;table-layout:auto;width:124.35%;" align="center"><tr style="height:20.25pt;"><td style="vertical-align:bottom;width:22.4%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">SAR PLAN</b></p></td><td style="vertical-align:bottom;width:15.03%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:15.59%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:15.59%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;width:31.37%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Forecast ending on 12/31/2022</b></p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> a) Body</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> b) Total number of members</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> c) Number of paid members</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.00</p></td></tr><tr style="height:24.75pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. Grant Date</p></td><td style="vertical-align:middle;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/02/2018</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2019</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td><td style="vertical-align:middle;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2021</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Number of options granted</p></td><td style="vertical-align:middle;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">141,088</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">92,476</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,082</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td><td style="vertical-align:middle;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999</p></td></tr><tr style="height:39.75pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">0</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">0</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,082</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td><td style="vertical-align:middle;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999</p></td></tr><tr style="height:31.5pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:top;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,089 on 04/01/2022</p></td><td style="vertical-align:top;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2023</p></td><td style="vertical-align:top;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999 on 04/01/2024</p></td></tr><tr style="height:35.25pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> v. Maximum period for exercising the options</p></td><td style="vertical-align:top;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:top;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,089 on 04/01/2024</p></td><td style="vertical-align:top;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2025</p></td><td style="vertical-align:top;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999 on 04/01/2026</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.1766205%;table-layout:auto;width:124.35%;" align="center"><tr style="height:39pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> vi. Restriction period for the transfer of shares</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15pt;"><td colspan="6" style="vertical-align:bottom;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> vii. Weighted average exercise value of options</p></td></tr><tr style="height:39pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 63.13</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 61.17</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.00</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.68</p></td><td style="vertical-align:middle;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 62.17</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">lost during fiscal year</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">exercised during the fiscal year</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">expired during the fiscal year</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is no forecast</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;width:15.03%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 10.42</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 16.42</p></td><td style="vertical-align:middle;width:15.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.17</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td><td style="vertical-align:middle;width:15.97%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td></tr><tr style="height:48.75pt;"><td style="vertical-align:top;width:22.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="5" style="vertical-align:middle;width:77.59%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Does not apply for SAR</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.194263%;table-layout:auto;width:124.38%;" align="center"><tr style="height:20.25pt;"><td style="vertical-align:bottom;width:22.54%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">SAR PLAN</b></p></td><td style="vertical-align:bottom;width:15.31%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:16.16%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:15.74%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:bottom;width:30.23%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td colspan="5" style="vertical-align:middle;width:77.45%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total number of members</p></td><td colspan="5" style="vertical-align:middle;width:77.45%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:34.5pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of paid members</p></td><td colspan="5" style="vertical-align:middle;width:77.45%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6.08</p></td></tr><tr style="height:24.75pt;"><td colspan="6" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/02/2018</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2019</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2021</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">141,088</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">92,476</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,082</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999</p></td></tr><tr style="height:39.75pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,166</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">92,476</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,082</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999</p></td></tr><tr style="height:78.75pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:top;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,166 on 04/03/2020</p></td><td style="vertical-align:top;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">92,476 on 04/02/2021</p></td><td style="vertical-align:top;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,089 on 04/01/2022</p></td><td style="vertical-align:top;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2023</p></td><td style="vertical-align:top;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999 on 04/01/2024</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-12.194263%;table-layout:auto;width:124.38%;" align="center"><tr style="height:78.75pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:top;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">53,166 on 04/03/2022</p></td><td style="vertical-align:top;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">92,476 on 04/02/2023</p></td><td style="vertical-align:top;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">98,089 on 04/01/2024</p></td><td style="vertical-align:top;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2025</p></td><td style="vertical-align:top;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">71,999 on 04/01/2026</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="5" style="vertical-align:middle;width:77.45%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15pt;"><td colspan="6" style="vertical-align:bottom;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:39pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 63.13</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 61.17</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 50.00</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.68</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 62.17</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">lost during fiscal year</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 52.47</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:33pt;"><td style="vertical-align:bottom;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:39pt;"><td style="vertical-align:middle;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;width:15.31%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 10.42</p></td><td style="vertical-align:middle;width:16.16%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 16.42</p></td><td style="vertical-align:middle;width:15.74%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.17</p></td><td style="vertical-align:middle;width:15.4%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td><td style="vertical-align:middle;width:14.82%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.12</p></td></tr><tr style="height:48.75pt;"><td style="vertical-align:top;width:22.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="5" style="vertical-align:middle;width:77.45%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Does not apply for SAR</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.115707%;padding-left:3.5pt;padding-right:3.5pt;width:128.23%;" align="center"><tr style="height:14.05pt;"><td style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:43.55%;background:#203764;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><a name="_Hlk65136826"></a><b style="font-weight:bold;">SAR PLAN</b></p></td><td colspan="4" style="color:#ffffff;vertical-align:middle;white-space:nowrap;width:56.44%;background:#203764;border-bottom:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3.5pt 0pt 3.5pt;"><p style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:14.05pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">a) Body</p></td><td colspan="4" style="vertical-align:middle;width:56.44%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:14.05pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">b) Total number of members</p></td><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:56.44%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.00</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">c) Number of paid members</p></td><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:56.44%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:14.05pt;"><td colspan="5" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">d) In relation to each granting of Stock Options:</p></td></tr><tr style="height:14.05pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/03/2017</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/02/2018</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2019</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">04/01/2020</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">ii. Number of options granted</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">187,942</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">123,561</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,969</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">iii. Number of outstanding options at the beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">187,942</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">123,561</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,969</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349</p></td></tr><tr style="height:37.75pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">iv. Deadline for the options to become exercisable</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">187,942 on 04/03/2020</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">123,561 on 04/02/2021</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,969 on 04/01/2022</p></td><td style="vertical-align:middle;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2023</p></td></tr><tr style="height:37.75pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">v. Maximum period for exercising the options</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">187,942 on 04/03/2022</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">123,561 on 04/02/2023</p></td><td style="vertical-align:middle;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,969 on 04/01/2024</p></td><td style="vertical-align:middle;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">113,349 on 04/01/2025</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:56.44%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">&#160;</p></td></tr><tr style="height:25.35pt;"><td colspan="5" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:30pt;margin:0pt;">vii. Weighted average exercise value of options</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 58.71</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 64.72</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.91</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 55.31</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.115707%;padding-left:3.5pt;padding-right:3.5pt;width:128.23%;" align="center"><tr style="height:37.75pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">lost during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 40.48</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:50pt;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:25.35pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">e) Fair value of the options on the grant date</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 12.14</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 18.07</p></td><td style="vertical-align:middle;white-space:nowrap;width:12.15%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 34.17</p></td><td style="vertical-align:middle;white-space:nowrap;width:19.96%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.50</p></td></tr><tr style="height:39.65pt;"><td style="vertical-align:middle;width:43.55%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:10pt;margin:0pt;">f) Potential dilution in case of exercise of all options</p></td><td colspan="4" style="vertical-align:middle;white-space:nowrap;width:56.44%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Does not apply for SAR</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.205078%;table-layout:auto;width:128.41%;" align="center"><tr style="height:15.75pt;"><td colspan="5" style="color:#ffffff;vertical-align:top;width:100%;background:#1f3663;border-bottom:1px solid #000000;border-left:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="color:#ffffff;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">SAR PLAN </b><font style="display:inline-block;width:159.05pt;"></font><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ending on 12/31/2019</b></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">a) Body</font></p></td><td colspan="4" style="vertical-align:top;width:56.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">b) Total number of members</font></p></td><td colspan="4" style="vertical-align:top;width:56.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">c) Number of paid members</font></p></td><td colspan="4" style="vertical-align:top;width:56.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td></tr><tr style="height:26.2pt;"><td colspan="5" style="vertical-align:top;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">d) In relation to each granting of Stock Options:</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Grant Date</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">04/01/2016</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">04/03/2017</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">04/02/2018</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">04/01/2019</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Number of options granted</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137,882</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">187,942</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">123,561</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">113,969</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-indent:33pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iii. Number of outstanding options at the beginning of the period</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137,882</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">187,942</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">123,561</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">113,969</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-indent:33pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Deadline for the options to become exercisable</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137,882 on 04/01/2019</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">187,942 on 04/03/2020</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">123,561 on 04/02/2021</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">113,969 on 04/01/2022</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">v. Maximum period for exercising the options</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137,882 on 04/01/2021</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">187,942 on 04/03/2022</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">123,561 on 04/02/2023</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">113,969 on</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">04/01/2024</font></p></td></tr><tr style="height:26.15pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vi. Restriction period for the transfer of actions</font></p></td><td colspan="4" style="vertical-align:top;width:56.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:26.25pt;"><td colspan="5" style="vertical-align:top;width:100%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vii. Weighted average exercise value of options</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:8.1pt;padding:0pt;">&#183;</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">outstanding at the beginning of the year</font></div></div></div><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Social</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 39.54</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 45.51</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 36.75</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 26.51</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:8.1pt;padding:0pt;">&#183;</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">lost during the fiscal year</font></div></div></div></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:8.1pt;padding:0pt;">&#183;</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">exercised during the year</font></div></div></div><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Social</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 28.56</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:26.25pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Arial','Helvetica','sans-serif';font-size:11pt;vertical-align:text-top;white-space:nowrap;width:8.1pt;padding:0pt;">&#183;</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">expired during the exercise</font></div></div></div><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Social</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:26.15pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">e) Fair value of the options on the grant date</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 13.78</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 12.14</font></p></td><td style="vertical-align:top;width:13.56%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 18.07</font></p></td><td style="vertical-align:top;width:16.19%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 34.17</font></p></td></tr><tr style="height:25.5pt;"><td style="vertical-align:top;width:43.11%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-indent:10.95pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">f) Potential dilution in case of exercise of all options</font></p></td><td colspan="4" style="vertical-align:top;width:56.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.116882%;padding-left:3.5pt;padding-right:3.5pt;width:128.23%;" align="center"><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="RANGE!K1"></a><b style="color:#ffffff;font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN </b></p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;background:#1f497d;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Forecast for the Fiscal year ending on 12/31/2022</b></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.116882%;padding-left:3.5pt;padding-right:3.5pt;width:128.23%;" align="center"><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:10.8pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:10.7pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1.0</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">d) In relation to each grant:</p></td><td style="vertical-align:middle;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">&#160;</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/02/2021</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Number of shares granted</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">108,010</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">ii. Number of shares outstanding at the beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">108,010</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iv. Deadline for shares to become exercisable</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/02/2022 - 108,010</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">v. Maximum period for exercising the shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">36 months</p></td></tr><tr style="height:15pt;"><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">vii. Weighted average value of shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 53.81&#185;</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">lost during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 53.81&#185;</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">e) Fair value of restricted shares on the grant date</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 53.81</p></td></tr><tr style="height:28.2pt;"><td style="vertical-align:middle;white-space:nowrap;width:60.7%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">f) Potential dilution in case of exercise of all shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:39.29%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">0.00%</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">&#185; As this is a plan settled in equity instruments, the fair value is calculated at the grant and is not recalculated later</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:99.76%;" align="center"><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN </b></p></td><td colspan="2" style="vertical-align:top;width:51.98%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">a) Body</font></p></td><td colspan="2" style="vertical-align:top;width:51.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">b) Total Number of Members</font></p></td><td colspan="2" style="vertical-align:top;width:51.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">c) Number of Paid Members</font></p></td><td colspan="2" style="vertical-align:top;width:51.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">d) In relation to each grant:</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Grant Date</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2020</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2021</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Number of shares granted</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">106,601</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">108,010</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Number of shares outstanding at the beginning of the period</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">106,601</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">108,010</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Deadline for shares to become exercisable</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2021 - 106,601</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2021 - 108,010</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">v. Maximum period for exercising the shares</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vi. Restriction period for the transfer of shares</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">36 months</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">36 months</font></p></td></tr><tr style="height:17.2pt;"><td colspan="3" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vii. Weighted average value of shares</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">outstanding at the beginning of the fiscal year</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 51.70&#185;</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 53.81&#185;</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">lost during the fiscal year</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">exercised during the fiscal year</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 51.70&#185;</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">expired during the fiscal year</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">e) Fair value of restricted shares on the grant date</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 51.70</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 53.81</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:48.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">f) Potential dilution in case of exercise of all shares</font></p></td><td style="vertical-align:top;width:27.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00%</font></p></td><td style="vertical-align:top;width:24.9%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00%</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">&#185; As this is a plan settled in equity instruments, the fair value is calculated at the grant and is not recalculated later</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.116882%;padding-left:3.5pt;padding-right:3.5pt;width:128.23%;" align="center"><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;background:#1f497d;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.0</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1.0</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">d) In relation to each grant:</p></td><td style="vertical-align:middle;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">&#160;</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Grant Date</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/02/2020</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">i. Number of shares granted</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,601</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">ii. Number of shares outstanding at the beginning of the period</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">106,601</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">iv. Deadline for shares to become exercisable</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/02/2021 - 106,601</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">v. Maximum period for exercising the shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">vi. Restriction period for the transfer of shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">36 months</p></td></tr><tr style="height:15pt;"><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">vii. Weighted average value of shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">outstanding at the beginning of the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 51.70&#185;</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">lost during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">exercised during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">expired during the fiscal year</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There is not</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">e) Fair value of restricted shares on the grant date</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 51.70</p></td></tr><tr style="height:28.2pt;"><td style="vertical-align:middle;white-space:nowrap;width:58.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">f) Potential dilution in case of exercise of all shares</p></td><td style="vertical-align:middle;white-space:nowrap;width:41.98%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 3pt 0pt 3pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">0.00%</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">&#185; As this is a plan settled in equity instruments, the fair value is calculated at the grant and is not recalculated later</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.205078%;table-layout:auto;width:128.41%;" align="center"><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN </b></p></td><td colspan="2" style="vertical-align:top;width:51.63%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ending on 12/31/2019</b></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">a) Body</font></p></td><td colspan="2" style="vertical-align:top;width:51.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">b) Total Number of Members</font></p></td><td colspan="2" style="vertical-align:top;width:51.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">c) Number of Paid Members</font></p></td><td colspan="2" style="vertical-align:top;width:51.63%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">d) In relation to each grant:</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Grant Date</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2018</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2019</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">i. Number of shares granted</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">130,435</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">134,914</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">ii. Number of shares outstanding at the beginning of the period</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">130,435</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">134,914</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">iv. Deadline for shares to become exercisable</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2019 - 130,435</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">01/02/2020 - 134,914</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">v. Maximum period for exercising the shares</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vi. Restriction period for the transfer of shares</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">36 months</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">36 months</font></p></td></tr><tr style="height:17.2pt;"><td colspan="3" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">vii. Weighted average value of shares</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">outstanding at the beginning of the fiscal year</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 19.35&#185;</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 39.10&#185;</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">lost during the fiscal year</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">exercised during the fiscal year</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 19.35&#185;</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.1pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">expired during the fiscal year</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">There is not</font></p></td></tr><tr style="height:17.15pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">e) Fair value of restricted shares on the grant date</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 19.35</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 39.10</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-14.205078%;table-layout:auto;width:128.41%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:48.36%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">f) Potential dilution in case of exercise of all shares</font></p></td><td style="vertical-align:top;width:27.09%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00%</font></p></td><td style="vertical-align:top;width:24.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.00%</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">&#185; As this is a plan settled in equity instruments, the fair value is calculated at the grant and is not recalculated later</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"><a name="_Toc99038395"></a><a name="_Toc67165783"></a></font><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">13.6 </b></font><font style="font-style:italic;font-weight:bold;">Information on outstanding options held by the board of directors and the statutory executive board</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The information from Phantom Stock Plans <i style="font-style:italic;">(Phantom Shares</i>)<i style="font-style:italic;">,</i> SAR Plan (<i style="font-style:italic;">Share Appreciation Rights</i>)<i style="font-style:italic;"> </i>and <i style="font-style:italic;">Performance Shares </i>are presented in the following tables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There is no share-based compensation available to the Board of Directors or Fiscal Council. Only the Statutory Executive Board of Officers is covered by these plans.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:106%;"><tr style="height:27.75pt;"><td style="vertical-align:bottom;width:53.21%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td colspan="2" style="vertical-align:bottom;width:46.78%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal Year ending on 12/31/2021</b></p></td></tr><tr style="height:17.55pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6, 08</p></td></tr><tr style="height:15pt;"><td colspan="3" style="vertical-align:middle;width:100%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to phantom shares not yet exercisable</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">976,892</p></td></tr><tr style="height:96.75pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Date on which they will become exercisable</p></td><td style="vertical-align:middle;width:20.54%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">The amount</u><br> 314,447 <br>203,008 <br>16,685 <br>25,974 <br>53,389 <br>155,000 <br>53,389 <br>155,000</p></td><td style="vertical-align:middle;width:26.24%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date: </u><br>03/01/2022 <br>04/03/2022 <br>03/01/2023 <br>04/01/2023 <br>03/01/2024 <br>04/01/2024 <br>03/03/2025 <br>04/01/2025</p></td></tr><tr style="height:61.5pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Maximum period for exercise</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Shares must be redeemed at the end of the grace period, so the exercise period is the same as the exercise period (previous item)</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iv. Restriction period for the transfer of shares</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> v. Weighted average exercise price</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> vi. Fair value of phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 54,002,662.44</p></td></tr><tr style="height:15pt;"><td colspan="3" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) In relation to exercisable phantom shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td colspan="2" rowspan="5" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There are no exercisable Phantom Shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. Maximum term for exercising phantom shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Restriction period for the transfer of shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Weighted average exercise price</p></td><td colspan="2" style="display:none;vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iv. Fair value of phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="display:none;vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:53.21%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> v. Fair value of total phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;width:46.78%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 54,002,662.44</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100.01%;"><tr style="height:25.5pt;"><td style="vertical-align:bottom;width:52.32%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">SAR PLAN</b></p></td><td colspan="2" style="vertical-align:bottom;width:47.67%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal Year ending on 12/31/2021</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:100.01%;"><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6, 08</p></td></tr><tr style="height:15pt;"><td colspan="3" style="vertical-align:middle;width:100%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to phantom shares not yet exercisable</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">283,437</p></td></tr><tr style="height:42.75pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Date on which they will become exercisable</p></td><td style="vertical-align:middle;width:14.15%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">The amount</u><br><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u>98,089 <br>113,349 <br>71,999</p></td><td style="vertical-align:middle;width:33.52%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date: </u><br>04/01/2022 <br>04/01/2023 <br>04/01/2024</p></td></tr><tr style="height:80.25pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Maximum period for exercise</p></td><td style="vertical-align:middle;width:14.15%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">The amount</u><br><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;"> </u>98,089 <br>113,349 <br>71,999</p></td><td style="vertical-align:middle;width:33.52%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date:</u><br> 04/01/2024 <br>04/01/2025 <br>04/01/2026</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iv. Restriction period for the transfer of shares</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Not applicable for SAR</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> v. Weighted average exercise price</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">BRL 9.29</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> vi. Fair value of phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 15,691,550.15</p></td></tr><tr style="height:15pt;"><td colspan="3" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) In relation to exercisable phantom shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td colspan="2" rowspan="5" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There are no exercisable Phantom Options</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. Maximum term for exercising phantom shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Restriction period for the transfer of shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Weighted average exercise price</p></td><td colspan="2" style="display:none;vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iv. Fair value of phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="display:none;vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:52.32%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> v. Fair value of total phantom shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;width:47.67%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 15,691,550.15</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-0.06467056%;width:100.12%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN</b></p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1.0</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to shares not yet exercisable</p></td><td colspan="2" style="vertical-align:middle;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">108,010</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Date on which they will become exercisable</p></td><td style="vertical-align:middle;white-space:nowrap;width:18.41%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Quantity </u>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">108,010</p></td><td style="vertical-align:middle;width:36.52%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Date </u>:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">01/02/2022</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Maximum period for exercise</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for restricted shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iv. Restriction period for the transfer of shares</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">36 months</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">v. Weighted average exercise price</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for restricted shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">vi. Fair value of shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 5,811,773.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) In relation to exercisable shares</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td colspan="2" rowspan="5" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">There are no exercisable Restricted Shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Maximum period for exercising the shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Restriction period for the transfer of shares</p></td><td colspan="2" style="display:none;vertical-align:middle;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iv. Weighted average exercise price</p></td><td colspan="2" style="display:none;vertical-align:middle;width:54.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-0.06467056%;width:100.12%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;width:45.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">v. Fair value of shares on the last day of the fiscal year</p></td><td colspan="2" rowspan="1" style="vertical-align:middle;white-space:nowrap;width:54.93%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:82.02%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">vi. Fair value of total shares on the last day of the fiscal year</p></td><td colspan="2" style="vertical-align:middle;white-space:nowrap;width:100%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 5,811,773.00</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"><a name="_Toc99038396"></a><a name="_Toc67165784"></a></font><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">13.7 </b></font><font style="font-style:italic;font-weight:bold;">Options exercised and shares delivered relating to share-based compensation of the board of directors and statutory executive board</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The information from Phantom Stock Plans (Phantom Shares), SAR Plan (Share Appreciation Rights) and Performance Shares are presented in the following tables.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There is no share-based compensation available to the Board of Directors or Fiscal Council. Only the Statutory Executive Board of Officers is covered by these plans.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:99.7%;"><tr style="height:18pt;"><td style="vertical-align:middle;width:56.18%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td style="vertical-align:middle;width:43.81%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:18.75pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:17.25pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6, 08</p></td></tr><tr style="height:15.75pt;"><td colspan="2" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">phantom shares exercised</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">495,770</p></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Average exercise price (phantom share price)</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 60.44</p></td></tr><tr style="height:38.25pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="vertical-align:middle;width:43.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15pt;"><td colspan="2" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) In relation to the shares delivered</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. Number of Shares</p></td><td rowspan="3" style="vertical-align:middle;width:43.81%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Average purchase price</p></td><td style="display:none;vertical-align:middle;width:43.81%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;width:56.18%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Total value of the difference between the <br>acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:43.81%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.21%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">In relation to phantom shares exercised</p></td><td style="vertical-align:middle;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">322,815</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Average exercise price (phantom share price)</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 38.79</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e)<b style="font-weight:bold;">&#160;</b>Regarding the shares delivered</p></td><td style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. Number of Shares</p></td><td rowspan="3" style="vertical-align:middle;white-space:nowrap;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for phantom shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Average purchase price</p></td><td style="display:none;vertical-align:middle;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:55.92%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:44.07%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:98.1%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">PHANTOM SHARES PLAN</b></p></td><td style="vertical-align:top;width:38.93%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ending on 12/31/2019</b></p></td></tr><tr style="height:15.55pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Body</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total Number of Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of Paid Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td></tr><tr style="height:15.8pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">In relation to the phantom shares exercised</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">74,628</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Average exercise price (phantom share price)</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 41.10</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the exercise value and the market value of the shares related to the exercised options</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable for phantom shares</font></p></td></tr><tr style="height:15.6pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Regarding the shares delivered</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of Shares</font></p></td><td rowspan="3" style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable for phantom shares</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Average purchase price</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the acquisition price and the market value of the shares</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;table-layout:auto;width:99.7%;"><tr style="height:19.5pt;"><td style="vertical-align:middle;width:59.89%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">SAR PLAN</b></p></td><td style="vertical-align:middle;width:40.1%;background:#1f4e79;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">6, 08</p></td></tr><tr style="height:15pt;"><td colspan="2" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) regarding phantom shares exercised</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. The amount</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">145,642</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Weighted average exercise price</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 3.69</p></td></tr><tr style="height:38.25pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="vertical-align:middle;width:40.1%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 7,723,076.04</p></td></tr><tr style="height:15pt;"><td colspan="2" style="vertical-align:middle;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e) In relation to the shares delivered</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> i. Number of Shares</p></td><td rowspan="3" style="vertical-align:middle;width:40.1%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Does not apply to SAR that is settled in cash</p></td></tr><tr style="height:15pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> ii. Weighted average acquisition price</p></td><td style="display:none;vertical-align:middle;width:40.1%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:25.5pt;"><td style="vertical-align:middle;width:59.89%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"> iii. Total value of the difference between the <br>acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:40.1%;border-bottom:1px solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.1%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">SAR PLAN</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to the options exercised</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">134,776</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average exercise price</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 2.66</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">BRL 5,455,732.48</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e)<b style="font-weight:bold;"> </b>Regarding the options delivered</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.1%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. number of options</p></td><td rowspan="3" style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Does not apply to SAR that is settled in cash</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average acquisition price</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:27.25pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:98.1%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">SAR PLAN</b></p></td><td style="vertical-align:top;width:38.93%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:57.8pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">Fiscal year </b></font><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">ended on 12/31/2019</b></p></td></tr><tr style="height:15.65pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Body</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:25.25pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total Number of Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of Paid Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.00</font></p></td></tr><tr style="height:15.75pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Regarding the options exercised</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">137,882</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Weighted average exercise price</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3.19</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the exercise value and the market value of the shares related to the exercised options</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,937,909.92</font></p></td></tr><tr style="height:15.6pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Regarding the options delivered</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">number of options</font></p></td><td rowspan="3" style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Does not apply to SAR that is settled in cash</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Weighted average acquisition price</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:27.15pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the acquisition price and the market value of the shares</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.1%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN</b></p></td><td style="vertical-align:middle;width:40.61%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2021</b></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">7.08</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to the options exercised</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td rowspan="3" style="vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Restricted Shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average exercise price</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e)<b style="font-weight:bold;"> </b>Regarding the options delivered</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. Number of Shares</p></td><td rowspan="3" style="vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">No shares were delivered in the period</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average acquisition price</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:27.25pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.1%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN</b></p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;background:#1f497d;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-weight:bold;">Fiscal year ending on 12/31/2020</b></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">a) Body</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Statutory Executive Board</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">b) Total Number of Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">8.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">c) Number of Paid Members</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">1.00</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">d) In relation to the options exercised</p></td><td style="vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:98.1%;" align="center"><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. The amount</p></td><td rowspan="3" style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Not applicable for Restricted Shares</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average exercise price</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the exercise value and the market value of the shares related to the exercised options</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">e)<b style="font-weight:bold;"> </b>Regarding the options delivered</p></td><td style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">i. Number of Shares</p></td><td rowspan="3" style="vertical-align:middle;white-space:nowrap;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">No shares were delivered in the period</p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:middle;white-space:nowrap;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">ii. Weighted average acquisition price</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr><tr style="height:27.25pt;"><td style="vertical-align:middle;width:59.38%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.05pt;margin:0pt;">iii. Total value of the difference between the acquisition price and the market value of the shares</p></td><td style="display:none;vertical-align:middle;width:40.61%;border-bottom:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt 4.9pt 0pt 4.9pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:98.1%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">RESTRICTED PERFORMANCE SHARE PLAN</b></p></td><td style="vertical-align:top;width:38.93%;background:#1e487c;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal year ended on 12/31/2019</b></p></td></tr><tr style="height:15.55pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Body</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Statutory Executive Board</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total Number of Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of Paid Members</font></p></td><td style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1.00</font></p></td></tr><tr style="height:15.75pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Regarding the options exercised</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount</font></p></td><td rowspan="3" style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Not applicable for Restricted Shares</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Weighted average exercise price</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the exercise value and the market value of the shares related to the exercised options</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:15.6pt;"><td colspan="2" style="vertical-align:top;width:100%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Regarding the options delivered</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of Shares</font></p></td><td rowspan="3" style="vertical-align:top;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">No shares were delivered in the period</font></p></td></tr><tr style="height:15.85pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Weighted average acquisition price</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr><tr style="height:27.25pt;"><td style="vertical-align:top;width:61.06%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total value of the difference between the acquisition price and the market value of the shares</font></p></td><td style="display:none;vertical-align:middle;width:38.93%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:28.35pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"><a name="_Toc99038397"></a><a name="_Toc67165785"></a></font><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">13.8 </b></font><font style="font-style:italic;font-weight:bold;">Necessary Information to understand the data disclosed in items 13.5 to 13.7 - Pricing method for the value of shares and options</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The information disclosed in items 13.5 to 13.7 refers to the share-based compensation of the Company&#8217;s management bodies (Statutory Executive Board of Officers).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The explanatory notes to the Company&#8217;s quarterly results and annual results present information regarding all employees covered by the share-based compensation plans.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">For all Plans, the Company&#8217;s Common shares (SUZB3) were considered as a base asset, given that as of November 10, 2017, Class &#8220;A&#8221; Preferred shares (SUZB5) were converted to Common shares (SUZB3), as approved in the Special Meeting of Class A Preferred Shareholders and the Extraordinary Shareholders&#8217; Meeting, both held on 09/29/2017.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Phantom Stock Plan <i style="font-style:italic;">(Phantom shares</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The value of Phantom Shares is given by the average of the last 90 trading sessions, weighted by volume, of the quotations of the Company&#8217;s Shares. At the end of 2021, the fair value of the Phantom Share was BRL 55.16 for the current plans</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>SAR Plan (<i style="font-style:italic;">Share Appreciation Rights</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">To measure the fair value of the assets granted in the SAR plan, the Company used the mathematical model of approximation for options following the Monte Carlo Simulation method. This was done due to the </p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">nature of the SAR, which is similar to an option, but with cash settlement. The choice of this specific method was due to the need to simulate not only the dynamics of the value of the Company&#8217;s shares in the future, but also of its competitors, since both impact the beneficiary&#8217;s gain through the TSR comparison.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">A proportion of early exercise equal to 3 was considered for all programs. Other assumptions considered (base date of 12/31/2021 - date of recalculation of the SAR value for closing purposes):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-0.89136887%;table-layout:auto;width:101.78%;" align="center"><tr style="height:20.1pt;"><td style="vertical-align:top;width:49.99%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Assumption</b></p></td><td style="vertical-align:top;width:50%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Considered Amount</b></p></td></tr><tr style="height:20.1pt;"><td style="vertical-align:top;width:49.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Base asset price (1)</b></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 55.16</font></p></td></tr><tr style="height:20.2pt;"><td style="vertical-align:top;width:49.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Volatility Expectation (2)</b></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">43.77% pa</font></p></td></tr><tr style="height:20.1pt;"><td style="vertical-align:top;width:49.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Average life expectancy of options (3)</b></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Same as contract life</font></p></td></tr><tr style="height:20.1pt;"><td style="vertical-align:top;width:49.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Expected dividend distribution (4)</b></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0.73% pa</font></p></td></tr><tr style="height:21.3pt;"><td style="vertical-align:top;width:49.99%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Risk-free weighted average interest rate (5)</b></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.57% pa</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><a name="_Hlk508641595"></a>(1) The base asset price was defined considering the arithmetic average of the closing price of the last 90 trading sessions of the Company&#8217;s shares on the SAR calculation date.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(2) Expected volatility was calculated for each exercise date, taking into account the time remaining to complete the vesting period, as well as the historical volatility of returns, using the GARCH volatility calculation model. Here we present the average of these volatilities.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(3) The average life expectancy of the stock options was defined by the period remaining until the exercise deadline.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">(4) Dividend expectations were defined based on the Company&#8217;s historical earnings per share. Here we present the average expected dividend used in the calculation.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:3.75pt;margin:0pt;">(5) The risk-free weighted average interest rate used was the pre-interest rate curve in reais (DI expectation) observed in the open market, which is the best basis for comparison with the risk-free interest rate in the Brazilian market. The rate used for each exercise date changes according to the vesting period. The value presented represents the average between each one of the grants.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Restricted Performance Shares Plan <i style="font-style:italic;">(Performance Shares</i>)</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The value of the Restricted Shares granted is given by the value of the share on the date they were granted.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:106.35pt;text-align:justify;text-indent:-106.35pt;"><font style="display:inline-block;font-weight:bold;min-width:28.35pt;text-indent:0pt;white-space:nowrap;">13.9</font><a name="_Toc67165786"></a><a name="_Toc99038398"></a><font style="font-style:italic;font-weight:bold;">Participations held </font><font style="font-style:italic;font-weight:bold;">per Body</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.8496742%;table-layout:auto;width:103.69%;" align="center"><tr style="height:43.85pt;"><td style="vertical-align:top;width:32.23%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:12.94%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:top;width:11.81%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:top;width:11.8%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:top;width:15.6%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p></td><td style="vertical-align:top;width:15.6%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td></tr><tr style="height:15.3pt;"><td style="vertical-align:top;width:32.23%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:12.94%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">ON</b></p></td><td style="vertical-align:top;width:11.81%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">PNA</b></p></td><td style="vertical-align:top;width:11.8%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">PNB</b></p></td><td style="vertical-align:top;width:15.6%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">ON</b></p></td><td style="vertical-align:top;width:15.6%;background:#2e74b5;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">ON</b></p></td></tr><tr style="height:43.85pt;"><td style="vertical-align:top;width:32.23%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of shares directly held by Company </font><sup style="font-family:'Times New Roman','Times','serif';font-size:8.25pt;vertical-align:top;">1</sup></p></td><td style="vertical-align:middle;width:12.94%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">101,520,859</font></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:11.8%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">4,212,040</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,203</font></p></td></tr><tr style="height:56.45pt;"><td style="vertical-align:top;width:32.23%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of shares directly held by the Company&#8217;s direct or indirect controllers </font><sup style="font-family:'Times New Roman','Times','serif';font-size:8.25pt;vertical-align:top;">1</sup></p></td><td style="vertical-align:middle;width:12.94%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">27,199,878</font></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">24,430,508</font></p></td><td style="vertical-align:middle;width:11.8%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10,625,326</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:43.85pt;"><td style="vertical-align:top;width:32.23%;background:#d9d9d9;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of other securities convertible into shares issued by the Company</font></p></td><td style="vertical-align:middle;width:12.94%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:11.81%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:11.8%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.6%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Note: None of the Company&#8217;s managers directly hold shares or quotas in subsidiaries or companies under common control with the Company. Their participation in these companies takes place only indirectly, through the shares held by them in the Company, which, in turn, holds an interest in these companies.</p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><sup style="font-size:7.5pt;vertical-align:top;">1 </sup>Shareholding position on December 31, 2020, according to Form CVM 358, considering only publicly-held holding companies, as provided for in the aforementioned CVM Instruction 358.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:28.35pt;white-space:nowrap;">13.10</font><a name="_Toc99038399"></a><a name="_Toc67165787"></a><font style="font-style:italic;font-weight:bold;">Information on Pension Plans Granted to Members of the Board of Directors and Statutory Officers</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.9260101%;table-layout:auto;width:103.85%;" align="center"><tr style="height:25.2pt;"><td style="vertical-align:top;width:26.59%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:middle;width:16.03%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:22.46%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Executive Board</b></p></td><td style="vertical-align:middle;width:16.02%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:18.87%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:12.4pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of members</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.00</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">20.08</font></p></td></tr><tr style="height:25.2pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of paid members</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">0</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td></tr><tr style="height:25pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Plan name</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Suzano Prev</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:50.3pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Number of managers who meet the conditions</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">to retire</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:94.7pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.03%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:22.46%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Suzano Prev:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Be at least 55 years old, at least 3 years at Suzano Prev and terminate the employment contract with the Company.</font></p></td><td style="vertical-align:middle;width:16.02%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:18.87%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:157.7pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Conditions for early retirement</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr><tr style="height:113.55pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Updated value of contributions accumulated in the pension plan until the end of the last fiscal year, discounting the portion related to contributions made directly by the managers (in BRL)</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,885,881.55</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,885,881.55</font></p></td></tr><tr style="height:100.75pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Total accumulated value of contributions made during the last fiscal year, discounting the portion related to contributions made directly by the managers (in BRL)</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">503,011.44</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">503,011.44</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:14.29%;padding-right:14.29%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-1.9260101%;table-layout:auto;width:103.85%;" align="center"><tr style="height:145.2pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.03%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:22.46%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Suzano Prev:</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Redemption may occur in whole or in part at any time, respecting the minimum grace period between redemptions of 60 days, as provided for in current legislation.</font></p></td><td style="vertical-align:middle;width:16.02%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:18.87%;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:220.8pt;"><td style="vertical-align:top;width:26.59%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Whether there is a possibility of early redemption and what are the conditions</font></p></td><td style="vertical-align:middle;width:16.03%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:22.46%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;background:#ffff00;">&#8203;</font></p></td><td style="vertical-align:middle;width:16.02%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td><td style="vertical-align:middle;width:18.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">N/A</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.27;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:14.29%;margin-right:14.29%;margin-top:30pt;page-break-after:always;width:71.43%;border-width:0;"><div style="max-width:100%;padding-left:8.42%;padding-right:8.42%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:106.35pt;text-align:justify;text-indent:-106.35pt;"><font style="display:inline-block;font-size:11pt;font-weight:bold;min-width:28.35pt;text-indent:0pt;white-space:nowrap;">13.11</font><b style="font-weight:bold;">Maximum, Minimum and Average Individual Compensation of the Board of Directors, Statutory Executive Board and Fiscal Council</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Annual Amounts</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.6350555%;table-layout:auto;width:109.27%;" align="center"><tr style="height:16.55pt;"><td rowspan="2" style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:30%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td colspan="3" style="vertical-align:top;width:30%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td colspan="3" style="vertical-align:top;width:30%;background:#dcdcdc;border-bottom:1.5pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td></tr><tr style="height:13.1pt;"><td style="display:none;vertical-align:middle;width:9.99%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.5pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:10%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td></tr><tr style="height:13.15pt;"><td style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Number of members</b></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.58</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.67</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td></tr><tr style="height:19.05pt;"><td style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Number of paid members</b></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7.08</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">10.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9.58</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8.67</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3.00</font></p></td></tr><tr style="height:19.05pt;"><td style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Amount of the highest compensation (Reais)</b></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">22,595,979.76</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">22,112,160.86</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">16,048,947.94</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,247,041.76</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,247,042.26</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">8,579,582.35</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">352,800.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">317,280.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">315,447.90</font></p></td></tr><tr style="height:19.05pt;"><td style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Amount of the lowest compensation (Reais)</b></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">7,019,028.83</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">6,071,057.78</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">3,249,365.23</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">744,000.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">960,004.80</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">641,280.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">352,800.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">317,280.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">315,447.90</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:19.1pt;"><td style="vertical-align:top;width:9.99%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Average Amount of compensation (Reais)</b></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">12,511,386.21</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">14,241,022.26</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">9,293,967.13</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2,015,854.14</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">1,965,928.69</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">2,068,949.73</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">352,800.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">317,280.00</font></p></td><td style="vertical-align:top;width:10%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">315,447.90</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Note</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.656475%;table-layout:auto;width:109.31%;" align="center"><tr style="height:16.9pt;"><td colspan="2" style="vertical-align:top;width:100%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.42%;margin-right:8.42%;margin-top:30pt;page-break-after:always;width:83.16%;border-width:0;"><div style="max-width:100%;padding-left:8.42%;padding-right:8.42%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.656475%;table-layout:auto;width:109.31%;" align="center"><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed for the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed for the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.6350555%;table-layout:auto;width:109.27%;" align="center"><tr style="height:12.15pt;"><td colspan="2" style="vertical-align:top;width:100%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.42%;margin-right:8.42%;margin-top:30pt;page-break-after:always;width:83.16%;border-width:0;"><div style="max-width:100%;padding-left:8.42%;padding-right:8.42%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.6350555%;table-layout:auto;width:109.27%;" align="center"><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.656475%;table-layout:auto;width:109.31%;" align="center"><tr style="height:16.9pt;"><td colspan="2" style="vertical-align:top;width:100%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td></tr><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2021</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p></td></tr></table></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.42%;margin-right:8.42%;margin-top:30pt;page-break-after:always;width:83.16%;border-width:0;"><div style="max-width:100%;padding-left:8.42%;padding-right:8.42%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:-4.656475%;table-layout:auto;width:109.31%;" align="center"><tr style="height:67.35pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2020</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p></td></tr><tr style="height:58.15pt;"><td style="vertical-align:top;width:9.98%;background:#dcdcdc;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">12/31/2019</b></p></td><td style="vertical-align:top;width:90.01%;border-bottom:1.0pt solid #000000;border-left:1.0pt solid #000000;border-right:1.5pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The average amount of the annual compensation of each body corresponds to the division of the total amount of the annual compensation (fixed, variable and indirect benefits and charges) of each body (letter &#8220;e&#8221; in item 13.2) by the Number of Paid Members informed to the respective body (letter &#8220;c&#8221; of item 13.2).</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the lowest individual annual compensation (fixed, variable and indirect benefits and charges) of each body was calculated with the exclusion of all members of the respective body who have held the position for less than 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">The amount of the highest individual annual compensation (fixed, variable, indirect benefits and charges) of each body was calculated without any exclusion, considering all compensation and its respective member performed his/her duties in the entity for 12 months.</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.27;margin:0pt 0pt 8pt 0pt;">*</p><p style="display:none;line-height:0pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:0pt;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:8.42%;margin-right:8.42%;margin-top:30pt;page-break-after:always;width:83.16%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;padding-left:21.3pt;text-indent:-21.3pt;"><font style="display:inline-block;font-weight:bold;min-width:28.35pt;text-indent:0pt;white-space:nowrap;">13.12</font><a name="_Toc99038400"></a><a name="_Toc67165788"></a><font style="font-style:italic;font-weight:bold;">- Compensation or Indemnity Mechanisms for Managers in the Event of Dismissal from the Position or Retirement</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There are no contractual arrangements, insurance policies or other instruments that structure compensation or indemnification mechanisms for managers in the event of dismissal from office or retirement.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">13.13</font><a name="_Toc99038401"></a><a name="_Toc67165789"></a><font style="font-style:italic;font-weight:bold;">Percentage of total compensation held by managers and members of the board of directors, statutory executive board or fiscal council who are related parties to the controlling shareholders</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:81.93%;" align="center"><tr style="height:42.05pt;"><td style="vertical-align:top;width:26.91%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Body</b></p></td><td style="vertical-align:top;width:24.36%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Year ended on 12/31/2021</b></p></td><td style="vertical-align:top;width:24.36%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Year ended on 12/31/2020</b></p></td><td style="vertical-align:top;width:24.35%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Year ended on 12/31/2019</b></p></td></tr><tr style="height:29.4pt;"><td style="vertical-align:top;width:26.91%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:24.35%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:27pt;"><td style="vertical-align:top;width:26.91%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors</b></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">49.94%</font></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">55.06%</font></p></td><td style="vertical-align:middle;width:24.35%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">62.55%</font></p></td></tr><tr style="height:20.8pt;"><td style="vertical-align:top;width:26.91%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:24.36%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:24.35%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:20.75pt;"><td style="vertical-align:top;width:26.91%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">TOTAL</b></p></td><td style="vertical-align:middle;width:24.36%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">49.94%</b></p></td><td style="vertical-align:middle;width:24.36%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">55.06%</b></p></td><td style="vertical-align:middle;width:24.35%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">62.55%</b></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">13.14</font><font style="font-style:italic;font-weight:bold;">Compensation of members of the board of directors, statutory executive board or fiscal council, grouped by body, received for any reason other than the function they occupy</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The members of the bodies (board of directors, committees, executive board and fiscal council) did not receive compensation in addition to the compensation related to the functions they occupy in the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-style:italic;font-weight:bold;min-width:28.35pt;white-space:nowrap;">13.15</font><a name="_Toc99038402"></a><a name="_Toc67165790"></a><font style="font-style:italic;font-weight:bold;">Compensation of managers and members of the fiscal council recognized in the results of direct or indirect controlling shareholders, of companies under common control with the Company and of the Company&#8217;s subsidiaries</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fiscal year ended on 12/31/2021</b></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Compensation received based on the office hold at the issuer:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There was no compensation received by the Company&#8217;s Management from companies under common control with the issuer and from the issuer&#8217;s subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:81.9%;" align="center"><tr style="height:32.45pt;"><td style="vertical-align:top;width:26.79%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:middle;width:18.3%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors (1)</b></p></td><td style="vertical-align:middle;width:18.3%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:middle;width:18.3%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:middle;width:18.3%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:34.6pt;"><td style="vertical-align:top;width:26.79%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and Indirect Controlling Shareholders</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,445,300.53</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,445,300.53</font></p></td></tr><tr style="height:24.55pt;"><td style="vertical-align:top;width:26.79%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Issuer&#8217;s subsidiaries</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:24.3pt;"><td style="vertical-align:top;width:26.79%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Companies under common control</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 43,200.00</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 132,000.00</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:18.3%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 175,200.00</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fiscal year ended on 12/31/2020</b></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Compensation received based on the office hold at the issuer:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There was no compensation received by the Company&#8217;s Management from companies under common control with the issuer and from the issuer&#8217;s subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>compensation received as a result of participation in Boards of Directors/Statutory Executive Board of Officers of the respective companies:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">132</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:81.94%;" align="center"><tr style="height:32.45pt;"><td style="vertical-align:top;width:30.42%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.58%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors (1)</b></p></td><td style="vertical-align:top;width:16.72%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:top;width:15.87%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:top;width:17.38%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:34.6pt;"><td style="vertical-align:top;width:30.42%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and Indirect Controlling Shareholders</font></p></td><td style="vertical-align:middle;width:19.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,403,536.48</font></p></td><td style="vertical-align:middle;width:16.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,403,536.48</font></p></td></tr><tr style="height:24.55pt;"><td style="vertical-align:top;width:30.42%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Issuer&#8217;s subsidiaries</font></p></td><td style="vertical-align:middle;width:19.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:16.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:24.3pt;"><td style="vertical-align:top;width:30.42%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Companies under common control</font></p></td><td style="vertical-align:middle;width:19.58%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 72,000.00</font></p></td><td style="vertical-align:middle;width:16.72%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 264,000.00</font></p></td><td style="vertical-align:middle;width:15.87%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 336,000.00</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;font-weight:bold;text-decoration-line:underline;text-decoration-style:solid;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Fiscal year ended on 12/31/2019</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Compensation received based on the office at the issuer:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">There was no compensation received by the Company&#8217;s Management from companies under common control with the issuer and from the issuer&#8217;s subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:28.35pt;white-space:nowrap;">&#9679;</font>Compensation received as a result of participation in Boards of Directors/Statutory Executive Board of Officers of the respective companies:</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;"><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;table-layout:auto;width:81.91%;" align="center"><tr style="height:32.45pt;"><td style="vertical-align:top;width:30.43%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:19.57%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Board of Directors (1)</b></p></td><td style="vertical-align:top;width:16.71%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Statutory Executive Board</b></p></td><td style="vertical-align:top;width:15.88%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Fiscal Council</b></p></td><td style="vertical-align:top;width:17.38%;background:#1e487c;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><b style="color:#ffffff;font-family:'Times New Roman','Times','serif';font-weight:bold;">Total</b></p></td></tr><tr style="height:34.6pt;"><td style="vertical-align:top;width:30.43%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Direct and Indirect Controlling Shareholders</font></p></td><td style="vertical-align:middle;width:19.57%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,375,302.69</font></p></td><td style="vertical-align:middle;width:16.71%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';visibility:hidden;">&#8203;</font></p><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 3,375,302.69</font></p></td></tr><tr style="height:24.55pt;"><td style="vertical-align:top;width:30.43%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Issuer&#8217;s subsidiaries</font></p></td><td style="vertical-align:middle;width:19.57%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:16.71%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:15.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td></tr><tr style="height:24.3pt;"><td style="vertical-align:top;width:30.43%;background:#d9d9d9;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">Companies under common control</font></p></td><td style="vertical-align:middle;width:19.57%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 72,000.00</font></p></td><td style="vertical-align:middle;width:16.71%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 154,000.00</font></p></td><td style="vertical-align:middle;width:15.88%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">-</font></p></td><td style="vertical-align:middle;width:17.38%;border-bottom:1px solid #000000;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Calibri','Helvetica','sans-serif';font-size:11pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';">BRL 226,000.00</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:28.35pt;padding:0pt;">13.16</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"><a name="_Toc99038403"></a><a name="_Toc67165791"></a></font><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;">Other Material Information</font></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">All material and pertinent information on this topic was disclosed in the items above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:11pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">133</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:15.85pt;width:429pt;z-index:251701248;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:19.9pt;width:427.5pt;z-index:251703296;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;background:#ffff00;">&#8203;</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">VI.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038404"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">General Terms and Conditions Referred to in the form of Indemnity Agreement</b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;"> </b></td></tr></table><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0.06%;max-width:99.94%;position:absolute;top:6.5pt;width:429pt;z-index:251705344;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:1.5pt;width:427.5pt;z-index:251707392;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;background:#ffff00;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Pursuant to CVM Guidance Opinion No. 38, of September 25, 2018, the Company presents the following clarifications:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">1. Statutory provision on indemnity and its terms;</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">There is no statutory provision on indemnity. Management proposes, in order to obtain the shareholders&#8217; participation in the decision on the execution of indemnity agreements, that the base draft of the Indemnity Agreement to be entered into between the Company and certain beneficiaries be submitted to the appreciation of the general meeting.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">2. Limit amount for the indemnity offered</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Indemnity Agreement does not provide for a limit to the indemnity offered, however the Board of Directors may submit the granting of indemnities to the general meeting when: (i) more than half of the managers are direct beneficiaries of the resolution on the expenditure of resources; (ii) the Company&#8217;s financial exposure proves to be significant, considering the amounts involved; (iii) in other cases in which the Company deems relevant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">3. Coverage Period to be covered by the Indemnity Agreement</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The coverage period of the Indemnity Agreement covers events that have occurred and omissions or acts performed by the beneficiary during the exercise of the position, including the object of any liability determination procedures in progress against the beneficiary and any other liability determination procedures that may arise be instituted in the future, even after the end of the exercise of his/her functions before the Company, provided that the claim object of the procedure of verification of responsibility is not time-barred.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">4. Managers who may enter into Indemnity Agreements</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The Company may enter into Indemnity Agreements with the members of the Board of Directors, Statutory and non-statutory Executive Board of Officers, advisory committees to the Board of Directors and external members of the Statutory Audit Committee, as well as members of the Fiscal Council.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The Company may also, by resolution of the Board of Directors, enter into Indemnity Agreements with other employees who hold a leadership position or role in the Company or its subsidiaries, lawyers employed by the Company or its subsidiaries and, also, those employees or not, who have been appointed by the Company to hold statutory or non-statutory positions in entities in which the Company participates as a partner, associate or sponsor (jointly or individually &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Beneficiary</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">5. Excluding Hypothesis to the Right to Indemnity</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">134</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">In any case, expenses and losses resulting from the following acts and/or omissions of the Beneficiary are not liable to compensation: (i) committed in bad faith, intent, gross negligence, fraud, or misuse of purpose; (ii) resulting from the disclosure of strategic and confidential information contrary to Suzano&#8217;s interests; (iii) that violate or exceed the limits of the law, the Bylaws and other rules of the Company; and (iv) carried out in the Beneficiary&#8217;s own interest or that of third parties, to the detriment of the Company&#8217;s corporate interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Also in this sense, the Beneficiary will not be entitled to compensation, in the following cases: (i) if there is an insurance policy contracted by the Company, as formally recognized and implemented by the insurer, with a scope overlapping the coverage of this Indemnity Agreement, in which case it will be activated and applied to said hypothesis; (ii) if the Beneficiary has not observed the prior notification procedures described in Clause Three of the Indemnity Agreement; (iii) if the Beneficiary has failed to comply with any of its obligations established in the Indemnity Agreement; (iv) if the Beneficiary has entered into judicial and/or extrajudicial agreements or terms of commitment in relation to the indemnifiable acts without the prior written consent of the Company; (v) if the Beneficiary intentionally increases the risk linked to the indemnifiable act; (vi) if there is an obligation to pay indemnities arising from a corporate action provided for in article 159 of the Brazilian Corporation&#8217;s Law or to reimburse the losses referred to in article 11, paragraph 5, II of Law No. 6,385, of December 7, 1976; (vii) if the Beneficiary has filed a lawsuit, arbitration, against the Company, (except for the fulfillment of the Indemnity Agreement); (viii) if the Beneficiary has harmed or compromised, by its action or omission, the defense of the Company and/or its subsidiaries/controlled companies or its own defense or Suzano&#8217;s insurance coverage in the scope of any liability insurance in relation to any liability determination procedure; and (ix) if the expense for which the indemnity is intended is related to the abandonment of the position/function.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">6. Types of expenses that may be paid, advanced or reimbursed based on the agreement</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">All legal and/or administrative expenses, including defense costs, court costs, charges, fees, appeal deposits, as well as any amounts due as damages, interest and pecuniary sanctions, even if required as a result of the execution of a term of commitment, term of adjustment of conduct, or other procedure or act that generates constraints, pecuniary obligations, disbursements and/or personal expenses imputed to the Beneficiaries, originating or derived from the liability determination procedures, including: (i) reimbursement of amounts, expenses and/or direct costs, demonstrably spent by the Beneficiary and/or paid by him/her as a result of conviction, even if by preliminary or provisional decision; (ii) advance of amounts, expenses and/or direct costs that are demonstrably necessary to comply with the liability determination procedures; and/or (iii) direct payment to third parties of amounts that the Beneficiary may be ordered to indemnify and/or repair, to any extent, by a final judgment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The Company will also bear the expenses resulting from liability determination procedures that result in constriction of the Beneficiary&#8217;s assets, of the common assets with his/her spouse, partner or any family member, provided that the blocking is proven to originate from liability determination procedures filed vis-&#224;-vis the Beneficiary, only with regard to acts committed by or for which the Beneficiary is responsible and provided that they concern regular management acts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">7. Procedures related to decisions regarding the payment, reimbursement or advance of expenses arising from the indemnity commitment, indicating: (i) company body that will be responsible for decisions regarding its concession; and (ii) the rules and procedures that will be adopted to mitigate conflicts of interest, guarantee the independence of decisions and ensure that they are taken in the interests of the company</b></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">135</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Once the notification sent by the Beneficiary is received, duly established in the form of the Indemnity Agreement, the Company must submit the respective claim to the consideration of a consultant (which may be an external professional or a law firm) who is independent, impartial and with recognized competence to analyze such claim by the Beneficiary, and said consultant must: (i) assess whether the claim constitutes a hypothesis of indemnity, and (ii) issue a legal opinion with its conclusion in this regard (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Legal Opinion</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">If the Legal Opinion concludes that the claim in question is not subject to Indemnity, the claim will be closed, without prejudice to the Board of Directors being able to reconsider the same claim in the event of a new fact, the Beneficiary being obliged to reimburse the Company for all amounts spent by it with the case until the moment of its closure, if applicable, within 5 (five) business days from the sending, by Suzano, of notification in this regard.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Resolution by the Board of Directors:</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">If, however, the Legal Opinion confirms that the claim constitutes a hypothesis of Indemnity under the terms of this Indemnity Agreement, the Notice, as well as all information and documents related thereto, including, but not limited to, the Legal Opinion, will be submitted to the Board of Directors so that it can consider the Beneficiary&#8217;s request.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">As a way of mitigating the conflict of interests, the following may not participate in the decision of the Board of Directors that considers the claims referred to in the Beneficiary&#8217;s notification: (i) the Beneficiary who has requested the indemnity; and (ii) members of the Board of Directors who are in a situation of conflict of interest referred to in article 156 of the Brazilian Corporation&#8217;s Law, or who may benefit from this decision in the future, when examining the claim related to the one under analysis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Resolution by the General Meeting</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Furthermore, the Company, at its sole discretion, may adopt additional governance procedures that reinforce the independence of decisions, such as forwarding them to a resolution at a general meeting in situations where: (i) more than half of the managers are direct beneficiaries of the resolution on the expenditure of resources; (ii) the Company&#8217;s financial exposure proves to be significant, considering the amounts involved; (iii) in other cases in which the Company deems relevant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Finally, Suzano may, at its sole discretion and in accordance with the procedures, choose to: (i) sponsor the Beneficiary&#8217;s defense, by hiring external lawyers or by using in-house lawyers; or (ii) use the legal services that the Beneficiary was already using or that he/she has indicated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">8. Reason for the preference for an Indemnity Agreement over a D&amp;O Insurance</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The Company has D&amp;O insurance that contains conditions that could limit the guarantee offered to the Beneficiaries, or not be sufficient to indemnify them. Thus, in order to attract and retain qualified members and guarantee the Beneficiaries to perform their duties safely and predictably, protecting them from risks arising from the regular exercise of their activities, </p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">136</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">the Company believes that it is better to enter into an indemnity commitment, which will be in line with the strategic objectives and will serve the best interests of the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">9. Quoted value of civil liability insurance premium that provides coverage similar to the proposed indemnity commitment</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The Company has a policy contracted with Chubb Seguros Brasil S.A., which is in effect until August 31, 2022. The premium paid for D&amp;O insurance in 2021 was approximately USD 1,363 million.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The coverage of the civil liability insurance policy for managers amounts to USD 50 million, to cover any accidents, considering its activities and those of its subsidiaries.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">10. Inform whether the guarantee offered for the provision of indemnity commitment includes the payment or reimbursement of indemnities that the managers are obliged to pay when held responsible for damages caused to third parties or to the company as a result of illicit acts practiced before the provision of the indemnity commitment</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">The coverage period of the Indemnity Agreement covers events that have occurred and omissions or acts performed by the Beneficiary during the exercise of the position, including the object of any liability assessment procedures in progress against the Beneficiary and any other liability assessment procedures that may come to be instituted, even after the end of the exercise of his/her functions before the company, provided that the claim object of the procedure of verification of responsibility is not time-barred.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">In any case, expenses and losses resulting from the following acts and/or omissions of the Beneficiary are not liable to indemnity: (i) committed in bad faith, intent, gross negligence, fraud, or misuse of purpose; (ii) resulting from the disclosure of strategic and confidential information contrary to the Company&#8217;s interests; (iii) that violate or exceed the limits of the law, the Bylaws and other rules of the Company; and (iv) carried out in the Beneficiary&#8217;s own interest or that of third parties, to the detriment of the Company&#8217;s corporate interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">11. Inform whether the guarantee offered by the indemnity commitment includes the payment or reimbursement of fines resulting from conviction in criminal proceedings or in administrative proceedings or pecuniary obligations provided for in agreements to close administrative proceedings supported by the managers</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">Yes. The Company undertakes to guarantee and keep the Beneficiary harmless and exempt from liability for any expenses that the Beneficiary may prove to incur or for amounts that he/she is ordered to pay, as a result of an administrative, arbitration and/or judicial investigation (of any nature), in Brazil or in any other jurisdiction, which aim to impute responsibility to the Beneficiary for any act practiced by him/her or omission related exclusively to the exercise of a position / function, in the Company and / or its subsidiaries / controlled companies, as the case may be, provided that that the Beneficiary has performed such act (or omission) in good faith, in the regular exercise of its management functions or attribution of powers, within the limits of the law, the Bylaws and other rules established from time to time by the Company.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">12. In view of the positive response to the two previous items, why does the Company&#8217;s management believe that such a guarantee is in the Company&#8217;s best interest</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">137</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">With the exception of the exclusions described in clause two of the Indemnity Agreement, (in which case there will be no obligation on the part of the Company to indemnify the Beneficiary, observing the terms and conditions of the Indemnity Agreements), the Company believes that the coverage for the other cases consists of fair and due compensation, since the penalty applied to the Beneficiary arises from an act performed in the regular exercise of his/her functions. By guaranteeing fair and due indemnities to the Beneficiaries, the Indemnity Agreements are in line with the Company&#8217;s interest in attracting and retaining qualified professionals, allowing them to perform their duties safely and predictably.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;margin-bottom:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">138</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;min-height:3pt;"><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:20.2pt;width:427.5pt;z-index:251709440;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="left:0%;position:absolute;top:-3.45pt;width:427.5pt;z-index:251711488;"><div style="left:0pt;padding-bottom:0pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1001.jpg" alt="Graphic" style="width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0%;position:absolute;top:-7.5pt;width:429pt;z-index:251713536;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><div style="height:0pt;position:relative;width:100%;"><div style="height:3pt;left:0.06%;max-width:99.94%;position:absolute;top:25.2pt;width:429pt;z-index:251715584;"><div style="height:0.75pt;left:0pt;padding-bottom:2.25pt;position:relative;top:0pt;width:427.5pt;"><img src="tmb-20220408xex99d1002.jpg" alt="Graphic" style="height:0.75pt;width:427.5pt;"></div></div></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:justify;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">VII.</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:bold;"><a name="_Toc99038405"></a></b><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">Standard Draft</b><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;"> </font><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">of</b><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;"> t</font><b style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;">he Indemnity Agreement</b></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:right;margin:0pt;">PORTUGUESE VERSION SHALL PREVAIL</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">INDEMNITY AGREEMENT</b></p><div style="padding-bottom:1.0px;border-bottom:1.0pt solid #000000;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;padding-bottom:1pt;border-bottom:3.0pt solid #000000;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">By this Instrument and in the best form of law, on the one hand:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">SUZANO S.A.</b>, headquartered at Avenida Professor Magalh&#227;es Neto, No. 1.752, 10th floor, rooms 1010 and 1011, Pituba, ZIP Code 41810-012, in the municipality of Salvador, State of Bahia, registered with the Brazilian Taxpayer&#8217;s Registry of Legal Entities of the Ministry of Economy (CNPJ/ME) under No. 16.404.287/0001-55, herein represented by its undersigned legal representatives (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Suzano</u>&#8221;), and</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;background:#c0c0c0;">FULL NAME</b>, citizenship, marital status, profession, bearer of identity card RG number RG number, registered with the Brazilian Individual Taxpayer&#8217;s Registry of the Ministry of Economy (CPF/MF), resident and domiciled at the street/avenue, number and complement, city-state, ZIP Code Zip Code (&#8220;Beneficiary&#8221;), with Suzano and the Beneficiary individually referred to as &#8220;Party&#8221; and, together, as &#8220;Parties&#8221;.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">WHEREAS:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">(i)</font>The Beneficiary is [<font style="background:#c0c0c0;">description of current position/function held at Suzano, companies of the same group, or companies succeeded by Suzano]</font>, since [<font style="background:#c0c0c0;">date when he/she was appointed or entered this position </font>];</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">(ii)</font>The regular exercise of the duties and activities inherent to the position(s) of the Beneficiary referred to in the Preamble above may lead to liabilities with the imposition of payment obligations of various natures, including, but not limited to, fines and indemnity amounts;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">(iii)</font>The civil liability insurance for administrators is limited and may, exceptionally, lead the Beneficiary to personally bear some obligations, such as costs and expenses related to judicial and administrative procedures, inside and outside Brazil, which aim to impute responsibilities to the Beneficiary for the exercise of its functions;</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">(iv)</font>On <font style="background:#c0c0c0;">the date of the EGM that approved the possibility of entering into indemnity agreements</font>, the possibility for Suzano to enter into indemnity agreements was approved according to the rules and limits determined in such decision; and</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-weight:bold;min-width:36pt;white-space:nowrap;">(v)</font>Suzano aims to ensure more competitive conditions for hiring and retaining qualified employees (including managers).</div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">The Parties resolve to enter into this Indemnity Agreement (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Indemnity Agreement</u>&#8221;), which will be governed by the following clauses and conditions:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE ONE &#8211; PURPOSE </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">139</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.1. </font></font>Suzano undertakes to guarantee and keep the Beneficiary harmless and exempt him/her from liability for any expenses that the Beneficiary may prove to incur or for amounts that he/she is ordered to pay, as a result of investigation, administrative, arbitration and/or judicial proceedings, in the Brazil or in any other jurisdiction, which aim to impute responsibility to the Beneficiary for any act practiced by him/her or omission related exclusively to the exercise of the position(s)/function(s) described in the preamble above, at Suzano and/ or its subsidiaries/controlled companies, as the case may be (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Liability Determination Procedures</u>&#8221;), provided that the Beneficiary has performed such act (or omission) in good faith, in the regular exercise of its management functions or attribution of powers, within the limits of the law, the Bylaws and other rules established from time to time by Suzano (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Indemnifiable Acts</u>&#8221; and &#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Regular Management Acts</u>&#8221;).<sup style="font-size:8.25pt;vertical-align:top;"> </sup></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.2. </font></font>All legal and/or administrative expenses, including defense costs, court costs, charges, fees, appeal deposits, as well as any amounts due as damages, interest and pecuniary sanctions, even if required as a result of the execution of a term of commitment (<i style="font-style:italic;">termo de compromisso</i>), term of adjustment of conduct (<i style="font-style:italic;">termo de ajustamento de conduta</i>), or other procedure or act that generates constraints, pecuniary obligations, disbursements and/or personal expenses imputed to the Beneficiaries, originating or derived from the Liability Determination Procedures, including those listed below (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Indemnities</u>&#8221;):</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">a)</font><font style="font-size:11pt;">Reimbursement of amounts, expenses and/or direct costs, demonstrably spent by the Beneficiary and/or paid by him/her as a result of conviction, even if by preliminary or provisional decision;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">b)</font><font style="font-size:11pt;">Advance of amounts, expenses and/or direct costs that are demonstrably necessary to meet the Liability Determination Procedures; and/or</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">c)</font><font style="font-size:11pt;">Direct payment to third parties of amounts that the Beneficiary may be ordered to indemnify and/or repair, to any extent, by a final judgment.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;padding-left:21.25pt;text-align:justify;text-indent:-21.25pt;margin:0pt 0pt 0pt -21.25pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-left:0pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.3. </font></font><font style="font-family:'Times New Roman','Times','serif';">Suzano will bear, pursuant to the following sub-clauses, the expenses resulting from Liability Determination Procedures that result in constriction of the Beneficiary&#8217;s assets, of the common assets with his/her spouse, partner or any family member, provided that the blocking is proven to originate in Liability Determination Procedures filed against the Beneficiary, only with regard to acts committed by, or whose responsibility is attributed to, the Beneficiary and as long as it concerns Regular Management Acts.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.3.1. </font></font><font style="font-family:'Times New Roman','Times','serif';">In the event of any type of constriction or unavailability of assets or any types of resources owned by the Beneficiary, Suzano shall, within 30 (thirty) days of delivery of the documents proving the blocking, pay the Beneficiary monthly compensation, corresponding to up to 100% (one hundred percent) of their regular monthly fixed remuneration, while the effects of unavailability persist, in order to allow the Beneficiary to bear his/her daily and day-to-day expenses that cannot be paid due to the blockage.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.3.2. </font></font><font style="font-family:'Times New Roman','Times','serif';">Payment to the Beneficiary will be made through a formal representative, expressly designated by him/her, by means of a deposit in the representative&#8217;s current account.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';"> </font><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">140</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">1.3.3. </font></font><font style="font-family:'Times New Roman','Times','serif';">The Beneficiary will reimburse Suzano for all payments made based on this item, within a maximum period of 30 (thirty) days, counting from the date of unblocking the amounts in his/her bank accounts, regardless of the result of the process in which the blocking occurred.</font></p><p style="font-family:'Arial','Helvetica','sans-serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">1.4. </font></font>The execution of this Indemnity Agreement does not preclude Suzano&#8217;s right to contract civil liability insurance for managers and the like, nor does it oblige Suzano to contract and continue contracting such type of insurance.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE TWO &#8211; EXCLUSIONS </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">2.1. </font></font>In any case, the expenses and losses resulting from the following acts and/or omissions of the Beneficiary are not entitled to Indemnities: <b style="font-weight:bold;">(i) </b>committed in bad faith, intent, gross negligence, fraud, or misuse of purpose; <b style="font-weight:bold;">(ii) </b>resulting from the disclosure of strategic and confidential information contrary to Suzano&#8217;s interests; <b style="font-weight:bold;">(iii) </b>that violate or exceed the limits of the law, the Bylaws and other Suzano rules; and <b style="font-weight:bold;">(iv) </b>carried out in the Beneficiary&#8217;s own interest or that of third parties, to the detriment of Suzano&#8217;s corporate interest.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;"><a name="_Ref25240698"></a></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">2.2. </font></font>The Beneficiary will <b style="font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">not</b><b style="font-weight:bold;"> </b>be entitled to Indemnities, pursuant to this Indemnity Agreement, in the following cases:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">a)</font><font style="font-size:11pt;">If there is an insurance policy contracted by Suzano, as formally recognized and implemented by the insurer, with coverage overlapping the coverage of this Indemnity Agreement, in which case it will be activated and applied;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">b)</font><font style="font-size:11pt;">If the Beneficiary has not observed the procedure described in </font><u style="font-size:11pt;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause Three</u><font style="font-size:11pt;">, below;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">c)</font><font style="font-size:11pt;">If the Beneficiary has failed to comply with any of its obligations set forth in this Indemnity Agreement;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">d)</font><font style="font-size:11pt;">If the Beneficiary has entered into judicial and/or extrajudicial agreements or terms of commitment in relation to the Indemnifiable Acts without Suzano&#8217;s prior written consent;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">e)</font><font style="font-size:11pt;">If the Beneficiary intentionally increases the risk linked to the Indemnifiable Act;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">f)</font><font style="font-size:11pt;">If there is an obligation to pay indemnities arising from a corporate action provided for in article 159 of Law 6,404/76 or of compensation for losses referred to in article 11, paragraph 5, II of Law 6,385/76;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">g)</font><font style="font-size:11pt;">If the Beneficiary has filed a lawsuit, arbitration, against Suzano, (except for the fulfillment of this Indemnity Agreement);</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">h)</font><font style="font-size:11pt;">If the Beneficiary has harmed or compromised, by his/her action or omission, the defense of Suzano and/or its subsidiaries/controlled companies or its own defense or the insurance coverage of Suzano in the scope of any liability insurance in relation to any Liability Determination Procedure; and</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">i)</font><font style="font-size:11pt;">If the expense for which the Indemnity is intended is related to the abandonment of the position(s)/function(s) described in the preamble of this Indemnity Agreement.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">141</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">2.3. </font></font>In the event of any of the hypotheses mentioned in <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause 2.2.</u> above, if Suzano has already advanced or disbursed any amount to the Beneficiary or third party, the Beneficiary must return the full amount to Suzano, within 5 (five) business days of sending a notification to that effect by Suzano, plus such amount of the respective monetary adjustment amount calculated according to the variation of [<font style="background:#c0c0c0;">&#9679;</font>] from the date of each disbursement made by Suzano until the day of the effective refund.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">2.4. </font></font>The Indemnities borne by Suzano pursuant to this Indemnity Agreement shall not cover:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">j)</font><font style="font-size:11pt;">loss of profits, loss of opportunity, damage to the image, loss of a chance, interruption of professional activity, moral damages and indirect damages alleged by the Beneficiary and/or aggrieved third party;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">k)</font><font style="font-size:11pt;">expenses not related to the defense of the claim, such as fees for advisors for asset protection or reorganization, monitoring of ongoing claims, among other expenses incurred preventively or in addition to defending the claim;</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">l)</font><font style="font-size:11pt;">indemnification for any expenses or amounts paid by the Beneficiary within the scope of the applicable coverage of any civil liability insurance policy for officers and directors that Suzano has contracted; and</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:justify;text-indent:0pt;"><font style="display:inline-block;font-size:11pt;min-width:36pt;white-space:nowrap;">m)</font><font style="font-size:11pt;">loans of any nature to the Beneficiary.</font></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;text-indent:0pt;margin:0pt;"><font style="font-size:16pt;margin-bottom:12pt;margin-top:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">2.5. </font></font>The eventual celebration of judicial or extrajudicial agreements or terms of commitment by the Beneficiary will only give rise to the right to indemnify provided for in this Indemnity Agreement if Suzano has previously consented in writing to the terms of such agreement or commitment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">THIRD CLAUSE - PAYMENT OF INDEMNITY</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.1 </font></font>In order for the Beneficiary to be entitled to any Indemnity, he/she must notify Suzano, by means of formal and written notification, of the existence of any Liability Determination Procedure, within a period of up to 72 (seventy-two) hours from the moment he/she become aware of such procedure (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Notice</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;"><a name="_Ref25240672"></a></font><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.2 </font></font>The Notice must contain: (i) a summary of the case and the Beneficiary&#8217;s version; (ii) copies of all evidence, documents and/or proofs instruments that may be used in the Beneficiary&#8217;s defense; (iii) amount involved in the matter; (iv) Beneficiary&#8217;s claim; (v) any additional information and documents that, in the Beneficiary&#8217;s view, may contribute to its defense and assist in its claim.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.3. </font></font>If it is not possible for the Beneficiary to send, at the time of Notification, the evidence, documents and/or evidence referred to in <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause 3.2.</u> above, the Beneficiary undertakes to do so within 5 (five) days from the receipt of the Notice by Suzano.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.4. </font></font>The submission of the documentation referred to in the clauses above does not exempt the Beneficiary from the obligation to send additional evidence, documents and/or evidence to which he/she has access or knowledge, nor those that may be requested by Suzano at any time.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">142</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">3.5. </font></font>Upon receipt of the Notification, Suzano shall submit the respective claim to the consideration of an independent, impartial, external professional or law firm with recognized competence to analyze such claim by the Beneficiary, and said professional or firm must, in a time compatible with the nature of the claim <i style="font-style:italic;">(i) </i>assess whether the claim constitutes a hypothesis of Indemnity under the terms of this Indemnity Agreement, and <i style="font-style:italic;">(ii) </i>issue a legal opinion with its conclusion in this regard (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Legal Opinion</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.6. </font></font>If the Legal Opinion concludes that the claim in question is not subject to Indemnification, the claim will be closed, without prejudice to the provisions of <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause 3.7.4.</u>, the Beneficiary being obliged to refund to Suzano all the amounts spent by it with the case to date, if applicable, within 5 (five) business days from the date of notification by Suzano in this regard.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.7. </font></font>If, however, the legal opinion confirms that the claim constitutes a hypothesis of Indemnity under the terms of this Indemnity Agreement, the Notice, as well as all information and documents related thereto, including, but not limited to, the Legal Opinion, will be submitted to the Board of Directors so that it can consider the Beneficiary&#8217;s request.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.7.1. </font></font>The following cannot participate in the decision of the Board of Directors that considers the claims referred to in the Notice: (i) the Beneficiary who has requested the Indemnity; and (ii) members of the Board of Directors who are in a situation of conflict of interest referred to in article 156 of Law 6,404 /76, or who may benefit from this decision in the future, when examining the claim related to the one under analysis.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.7.2. </font></font>It will be up to the Board of Directors to evaluate the Beneficiary&#8217;s claim and decide, in a reasoned, reasonable and motivated manner, on the payment or not of the Indemnity - albeit in a different way from the conclusion contained in the Legal Opinion -, as well as, if such payment is approved, the term and form of its feasibility, which may include one more hypothesis among those provided in <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause 1.2</u> above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.7.3. </font></font>The decisions of the Board of Directors may cover the Indemnification of all or part of the amounts involved in the Liability Determination Procedures, even if in progress.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.7.4. </font></font>The Board of Directors may reserve the right to reconsider the same claim in the event of a new fact that may affect or alter its previous decision or, also, to decide on the direct payment to third parties of amounts that the Beneficiary may be sentenced to pay by a final judgment only after the course of that final judgment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.8. </font></font>Suzano, at its sole discretion, may adopt additional governance procedures that reinforce the independence of decisions, such as forwarding them to a resolution at a general meeting in situations where: (i) more than half of the managers are direct beneficiaries of the resolution on the expenditure of resources; (ii) Suzano&#8217;s financial exposure proves to be significant, considering the amounts involved; (iii) in other cases that Suzano deems relevant.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">3.9. </font></font>Suzano may, at its sole discretion, choose to: (i) sponsor the Beneficiary&#8217;s defense, by hiring external lawyers or by using in-house lawyers; or (ii) use the legal services that the Beneficiary was already using or that he/she has indicated.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE FOUR - SUBROGATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:16pt;padding-left:0.5pt;text-align:center;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><font style="font-size:16pt;line-height:1.26;margin-bottom:0.95pt;margin-right:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">4.1. </font></font>In the event that Suzano makes any payment directly to the Beneficiary or to third parties under the terms of this Indemnity Agreement, Suzano is subrogated in any and all rights to reimbursement of amounts that the Beneficiary makes </p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">143</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">or will be entitled to in connection with the Indemnifiable Act, including, but not limited to, reimbursements arising from any civil liability insurance policy.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">4.1.1. </font></font>The Beneficiary must sign all the necessary documents, as well as perform all the acts that are appropriate or recommended to guarantee to Suzano its subrogation, including, but not limited to, the signing of any documents that allow the filing, by Suzano, of return action (<i style="font-style:italic;">a&#231;&#227;o de regresso</i>) on behalf of the Beneficiary.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">4.1.2. </font></font>If Suzano makes the payment of any Indemnity to the Beneficiary under the terms of this Indemnity Agreement and that same Indemnifiable Act is also covered by civil liability insurance, any advance, payment or reimbursement made by Suzano in accordance with this Indemnity Agreement in favor of the Beneficiary or a third party shall be interpreted as an advance of the amounts to be paid by the insurance company, with Suzano being, from then on, subrogated to the right to receive the amount owed by the insurance company. The Beneficiary must adopt the acts that are incumbent upon him/her to activate the insurer and to receive the amounts covered by the civil liability insurance, when applicable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt 0pt 0pt 35.4pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36.6pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">4.1.3. </font></font>When the insurance company makes to the Beneficiary any payment provided for in civil liability insurance, the amounts must be immediately delivered to Suzano up to the limit of the amounts paid by it.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE FIVE - TERM</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">5.1. </font></font>The obligation hereby agreed covers events that occurred and omissions or acts performed by the Beneficiary during the exercise of the position under the terms of this Indemnity Agreement, including the object of any Liability Determination Procedures in progress against the Beneficiary and any other Liability Determination Procedures that may be instituted, even after the end of the exercise of his/her functions before the Company, provided that the claim object of the Liability Determination Procedures is not time-barred.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE SIX - NOTIFICATIONS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">6.1. </font></font>Any notices, requests, claims, demands, instructions and other communications to be sent under this Indemnity Agreement to any of the Parties must be in writing and will be delivered: <b style="font-weight:bold;">(i) </b>by hand, with delivery receipt; <b style="font-weight:bold;">(ii) </b>by registered letter, with acknowledgment of receipt; <b style="font-weight:bold;">(iii) </b>email followed by letter sent by courier or with written confirmation of transmission and receipt; or <b style="font-weight:bold;">(iv) </b>through judicial or extrajudicial notification to the addresses and responsible persons described below, or such other addresses and responsible persons that the respective Party informs the other Party in writing:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Suzano S.A.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Address: Av. Brg. Faria Lima, 1355 &#8211; Pinheiros, S&#227;o Paulo &#8211; SP, 01452-002</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Email: [&#9679;] </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">w/c: [&#9679;] </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Beneficiary: [&#9679;] </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Address: [&#9679;] </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Email: [&#9679;] </p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">144</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">w/c: [&#9679;]</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">6.2. </font></font>The change of any information in this clause must be immediately communicated to the other Party. In the event that communication is not made, any communication delivered in accordance with <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause 6.1.</u> will be deemed to have been made and received.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">6.2.1. </font></font>Notices delivered in the manner established in this Clause shall be deemed to have been delivered: <b style="font-weight:bold;">(i) </b>on the delivery date, if delivered by hand; <b style="font-weight:bold;">(ii) </b>on the date on the acknowledgment of receipt, if sent by mail; <b style="font-weight:bold;">(iii) </b>on the date on the confirmation notice, if sent by email; or <b style="font-weight:bold;">(iv) </b>on the delivery date, if delivered by judicial or extrajudicial notification.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE SEVEN - GENERAL PROVISIONS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.1. </font></font>This Indemnity Agreement is irrevocable and irreversible, and the obligations assumed by the Parties also oblige their successors in any capacity, constituting legal, valid and binding obligations, binding and remaining in force for the benefit of the Contracting Parties and their respective heirs, successors, beneficiaries and permitted assigns.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.2. </font></font>In the event of default by either Party of any of its obligations under this Indemnity Agreement, such defaulting Party shall be obliged to reimburse the aggrieved Party for all Losses incurred by it, under the terms provided for in this Indemnity Agreement, without prejudice to the specific performance of the defaulted obligation or any other right or sanction available to the aggrieved Party.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.3. </font></font>This Indemnity Agreement constitutes the entire agreement between the contracting Parties with respect to the object contemplated herein and replaces all other previous agreements made by either of them with respect to the same agreement. This Indemnity Agreement may only be amended or altered by means of a written instrument signed by the Parties.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.4. </font></font>Neither Party may assign or transfer, directly or indirectly, the rights and obligations set forth herein to third parties, without the prior and express written agreement of the other Party.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.5. </font></font>If, at any time after the date of execution of this Indemnity Agreement, any of its provisions are declared by any court of competent jurisdiction to be illegal, void or unenforceable, said provision shall not prejudice or affect in any way the remaining provisions of this Indemnity Agreement, which will remain fully valid and effective, and it is up to the Parties to find, by mutual agreement, legally valid and feasible means capable of restoring the contractual balance, in which the aforementioned ineffectiveness or unenforceability may affect it, in order to that the original intention of the Parties is met to the greatest extent possible.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.6. </font></font>The Parties acknowledge that this Indemnity Agreement was entered into in full compliance with the legislation, regulations and guidelines currently in force, in particular in relation to CVM Guidance Opinion No. 38, of September 25, 2018. If, after the execution of this Indemnity Agreement, the CVM Collegiate express an understanding, even if in the form of a new Guidance Opinion and/or administrative decision (sanctioning or not) (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">New Understanding</u>&#8221;), so that the Indemnities agreed herein become irregular and/or contrary to the New Understanding, the Parties undertake (i) not to demand compliance with the provision that has become irregular; and (ii) to interpret this Indemnity Agreement in </p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">145</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;">accordance with the New Understanding so that as far as reasonably practicable, it achieves the purpose and effects originally intended.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.7. </font></font>The eventual abstention or tolerance by either Party in the use of any of the rights, prerogatives or faculties conferred in this Indemnity Agreement will not imply a waiver of the exercise of this right in other opportunities that arise, nor will it constitute a novation or contractual amendment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">7.8. </font></font>The parties agree to treat the arbitration procedure, information and related documents referred to in <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Clause Three</u> of this Indemnity Agreement as confidential information, except to the extent necessary for the exercise of their rights.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.9. </font></font>This Agreement will be governed by and interpreted in accordance with the laws of the Federative Republic of Brazil.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:normal;">7.10. </font></font>The headings and titles in this Agreement are for reference purposes only and will not limit or affect the meaning of the clauses, paragraphs or articles to which they apply. The expression &#8220;including&#8221; and similar expressions shall be understood as if such expressions were followed by the expression &#8220;without limitation&#8221;. Whenever required by the context, the definitions contained in this Indemnity Agreement will apply both in the singular and in the plural and the masculine gender will include the feminine and vice versa. References to legal provisions shall be interpreted as references to the provisions as amended, expanded, consolidated or restated, as the case may be, and will include any provisions from which they originate (with or without modifications), regulations, instruments or other legal rules subordinated thereto. A reference to a Clause shall include a reference to its sub-clauses, unless expressly provided otherwise. All terms provided for in this Agreement will be counted as provided for in article 132 of the Civil Code, disregarding the day of commencement and including the day of expiration. If any notice is to be sent or any action is to be taken on or by a particular day, and that day is not a Business Day, then the deadline for sending the notice or taking action shall be deferred until the subsequent Business Day.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:16pt;text-align:justify;margin:0pt;"><font style="font-size:16pt;line-height:15pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><b style="font-weight:bold;">CLAUSE EIGHT - THE ARBITRAL JUDGMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.1. The Parties undertake to resolve, through arbitration, before the Market Arbitration Chamber (<i style="font-style:italic;">C&#226;mara de Arbitragem do Mercado - </i>&#8220;Arbitration <u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Chamber</u><a name="_Hlk96547857"></a>&#8221;), in accordance with Law No. 9.307, of September 23, 1996 and with the Regulation of the Market Arbitration Chamber (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Regulation</u>&#8221;), any and all disputes or controversies that may arise between them, related to or arising, in particular, from the application, validity, effectiveness, interpretation, violation and its effects, of the provisions contained in this Indemnity Agreement (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Arbitration</u>&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.2. The arbitral tribunal shall be composed of 3 (three) arbitrators, each of the Parties having to choose an arbitrator in accordance with the Rules (&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Arbitration Court</u>&#8221;). The arbitrators appointed by the Parties shall jointly and by mutual agreement choose the third arbitrator, who shall preside over the arbitral tribunal. If the Parties do not appoint the arbitrators, they will be appointed in accordance with the Regulations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.3. The place of Arbitration will be the City of S&#227;o Paulo, State of S&#227;o Paulo, where the arbitration award will be rendered, and, if there is a reasonable justification, the Arbitral Tribunal may authorize the performance of specific steps in other places.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">146</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.4. The language of Arbitration will be Portuguese.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.5. The Arbitration will be of law, applying the rules and principles of the legal system of the Federative Republic of Brazil, being forbidden to the arbitrators to decide by equity.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.6. The arbitration award shall determine the extent to which the losing Party shall bear the expenses incurred by the prevailing Party, including legal fees, costs for referees and experts.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="display:inline-block;text-indent:0pt;width:36pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">8.7. </font></font>At the end of the procedure, the fees of the arbitrators and expenses common to the Parties and related to the procedure, such as fees due to the Arbitration Chamber, stenotype, rent of rooms for hearings, expert fees, among others of the same nature, will be borne by the losing Party or they will be supported proportionally in the event of reciprocal loss of suit, with the Arbitral Tribunal being responsible for stipulating the proportion in the arbitration award.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.8. The arbitration award will be final and unappealable, with no judicial ratification being required nor any appeal against it being allowed, except for requests for correction and clarifications to the Arbitral Tribunal provided for in art. 30 of Law No. 9,307/96 and eventual annulment action based on art. 32 of Law No. 9,307/96. The Parties undertake an irrevocable and irrevocable commitment to comply with all the terms of the decisions rendered in the scope of Arbitration and, mainly, of the arbitration award.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.9. Prior to the installation of the Arbitral Tribunal, either Party may request a precautionary or urgent measure from the Judiciary Branch, provided that any request will not affect the existence, validity and effectiveness of this clause, nor will it represent a waiver in relation to the need to submit the conflict to Arbitration. After the installation of the Arbitral Tribunal, requests for injunctive or urgent measures must be analyzed exclusively by the Arbitral Tribunal.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.10. For (i) precautionary and urgent measures prior to the constitution of the Arbitral Tribunal; (ii) eventual annulment action based on art. 32 of Law No. 9,307/96, and (iii) disputes that under Brazilian law cannot be submitted to Arbitration, the Parties elect the central jurisdiction of the District of S&#227;o Paulo, State of S&#227;o Paulo, waiving all others, no matter how special or privileged they may be.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.11. The execution of the decisions of the Arbitral Tribunal, including the arbitral award, will preferably be requested in the central court of the Judicial District of S&#227;o Paulo; however, if it is useful or necessary, it may be requested in any court or tribunal, whatever the forum.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.12. Pending the final result of an Arbitration, the Parties shall continue to fulfill their respective obligations under the Indemnity Agreement, unless otherwise decided by the arbitral tribunal or the Judiciary, pursuant to item 8.9 above.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">8.13. The Parties agree to treat the Arbitration, information and related documents as confidential, pursuant to Clause 7.8 of this Indemnity Agreement, except to the extent necessary for the exercise of their rights.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">147</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:always;width:88.24%;border-width:0;"><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;line-height:16pt;padding-left:0.5pt;text-align:center;text-indent:-0.5pt;margin:0pt 0.25pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;"><a name="_Toc99038406"></a></b>CLAUSE NINE - JURISDICTION</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Thus, being fair and contracted, the Parties sign this Agreement by means of electronic signatures, which the Parties hereby recognize as valid and effective for all legal purposes, in accordance with the applicable legislation, the same applying to the signatures of 02 (two) undersigned instrumental witnesses.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">S&#227;o Paulo, <font style="background:#c0c0c0;">month </font><font style="background:#c0c0c0;">day</font>, <font style="background:#c0c0c0;">the year</font>.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><b style="font-variant:small-caps;font-weight:bold;">Suzano S.A.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:100%;"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">____________________________________</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">[<b style="font-variant:small-caps;font-weight:bold;">Name]</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">[Position]</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">___________________________________</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">[<b style="font-variant:small-caps;font-weight:bold;">Name]</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">[Position]</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">____________________________________</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;text-align:center;margin:0pt;">[<b style="font-variant:small-caps;font-weight:bold;">Beneficiary - Full name]</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Witnesses:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;"><font style="font-size:16pt;visibility:hidden;">&#8203;</font></p><div align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:100%;"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;">1.</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">_________________________________</font></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Name:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF/ME (Tax ID):</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;display:table;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;text-align:center;width:100%;border:0pt;"><div style="display:table-row;"><div style="display:table-cell;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:37.85pt;padding:0pt;">2.</div><div style="display:table-cell;padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">_________________________________</font></div></div></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">Name:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:16pt;margin:0pt;">CPF/ME (Tax ID):</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:24pt 0pt 0pt 0pt;"><font style="font-size:11pt;">148</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:5.88%;margin-right:5.88%;margin-top:30pt;page-break-after:avoid;width:88.24%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tmb-20220408xex99d1011.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1011.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  $ ,L# 2(  A$! Q$!_\0
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MV[XKUK4O^%X?&73_ +9>S7'V2P\6^5;P;Y&;9&GDG:BYPHSP !63_P ,2?\
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MO_M-'_#$G_5?/CA_X67_ -IHHH /^&)/^J^?'#_PLO\ [31_PQ)_U7SXX?\
MA9?_ &FBB@ _X8D_ZKY\</\ PLO_ +37T)\*OA!_PA7@+2]&_P"$V\8Z]]F\
<W_B8:WJWVF[EW2N_SR;!NQNVCCA0!VHHH __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tmb-20220408xex99d1010.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1010.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" &L R\# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z*** "B
MBB@ HHHH **** "BBB@ HHKS7]H?X^>'_P!FGX7W_COQ/9ZG?Z19S0P20Z3%
M')<%I7"+A9)$7&2,_-T]:F4E!7D_Z>B&DWHCTJBO@2V_X+1_!*ZN8H$\+>/P
M\CA 6T^QQDG'_/Y7WO!,MQ!'*H(5U# 'K@C-:<KY>:VA',N;EOJ24445)044
M44 %%%<7H'Q-_M_XD^)/!_\ PBGB?3O[%AAE_M_4-.\K2K_S #MM9]Q\UESA
MAM&"#0M7R]?\@>BO_6NAVE%%>1_&/]IKPO\ !#Q)H^CZ[I7B747O[:6]GNM!
MT:;4(=-MHV"M/<^4"Z)N8*"%;GM4N48V3=K_ .5_R38=&SURBN/^$GQ1TGXT
M?#_2_&6@V]]!HVI^8]F=1@\F66)9&190F20KA=ZYP=K#(!R!V%:2BXOEDK,F
M,E)7B[H****DH**** "BBO*OVCOVCO#7[,'@:T\5>*;'5;_3KG4(M-2+1X8I
M)1)(&*DB22,;?D.3G/3BE?5+NTOFW9?B-)N]O-_=JSU6BHX)EN((Y5!"NH8
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M-\-O@KI/Q!TC2H=1U?0_&\F_4]+UN=+B!4PX\N/"*VW#GEV9N =V>:Y;PO\
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MKQ)<6D;ZCI"W"7"VMQCYT61&974'."">,=ZZ&@ HHHH **** "BBB@ HHHH
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MM;\-_#?QWIFCW>E>)KSQ'+X?\1:*\B23W%KJ$SW275N^?*SN=E*,P VKR22
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MO -U\.M?\77]QJ&@IX?N$L=8T75+%X]3L+MRHCMGMUW%I'+H$V%E;<-K$<T
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M\?>%_BEK/C_X4>*="TO4?$=G:6NO:1XJTZ:\LKB2V3RX+B(PRQO&X0E2,D,
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M0<9H ]@HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M4<<3:I'K$"=$U.+S6/U<$.?Q8U[;X._;)\/:K)#!X@TVXT21N&N8CY\ /J<
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M/AU=_P#!.?X>:!X/FTYO&D*:(N@Z78O%_:EOKJW$/FN(Q\Z2B03F1L XW^M
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MPO\ $&UL/!VE:/HMNT,VK_9VN-;OXFC8&U8/'Y<2!RK+,CF0!2H&UV!]YHH
MYSQ%\-O"/B_6=,U?7?"VBZUJVEMOL+_4=.AN)[1LYS%(ZED.><J1S5BW\#^'
M+33-6TV#0-+AT[5YIKG4;2.RC6*]EF_UTDR!<2,_\3,"6[YK;HH PO!W@3PU
M\/-(_LKPKX>TKPSI>\R_8M'LHK2#>>K;(U"Y.!SBN!_:)_:7\'_LW>%#JGB*
MY\_4KA6&GZ-;,#<W;@'H/X4!^\YX&>Y(!R?VI_VJ_#G[,GA#[5>E-2\3WJ-_
M9>BHV&F8<>9(1]R('J>IZ#)SC\9/BC\4O$GQC\:7WBCQ5J+ZCJMVW4DB.%,D
MK%&O\"+DX4>YY))/HX7".M[TOA_,Y*U=4]([G5_M!?M+^-/VCO$QU'Q+?&/3
MH7+6&C6Y(M;-2,?*/XF(ZNV2?88 \HHHKZ*,5!<L5H>2VY.["BBBJ)"BBB@
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M.A*K5H3@K<[UTMK)67?I;3[+D^A[SX<TVYT?0-.LKR]EU*\M[=(Y[R8_//(
M-SGTR<G X&:\YUK_ )#%_P#]=Y/_ $(UQ_[.=K;1>.M:;PG8ZGIO@8:/:+-#
M?03P(VJ[G\YE28 E]@0.R\$@9)X-=AK7_(8O_P#KO)_Z$:^6XCG[3#4G;JS\
M[XJH?5Y1@W?6^UGJKZK6S\BG1117P!^?!1110 4444 %%%% 'T=\ ?VEYM"D
M@\/>+KIIM+.$MM2ERSVYX 1SW3WZK].GUU#-'<PI+%(LL3@,KH058'H01U%?
MEO7NG[/G[0D_@&[AT+7IWN/#<IVQR-EFLF.>5Y^X2>1VZCN#ZF&Q7+[E3;N?
MM_!W',L,X9=FDKPVC-[Q\I>79].NFWVO14=O<17<$<\$J30R*'22-@RLIZ$$
M=14E>R?T6FFKH****!A1110 4444 %%%% !1110 4444 %%%% !1110 4444
M %%%% !7C?[4/[2F@_LU?#Z76=09+S6[L-%I.DAP)+J48RQ'41ID%F[9 ZL!
M7I'C;QGH_P //">J^)-?O%L-&TR!KBYN'!.U1Z <DDX  Y)( ZU^+OB_QY/^
MV)^T9+?^+/%=IX.\/W4DOD76KS@0:78QJSK&H) :0A<;5^_(WO7;A:'M6Y2^
M%'-6J\BLMV>5_$CXD>(?BUXRU'Q3XHU!]2UB^?=)*P"JJ@85$4<*JC  %<S7
MT7XQ^#WPB\5_#+Q5XI^$?B3Q//?>$_)DU/2O%5O KW=M)*L0N;=HL816895Q
MNP><<9Z?X2?#3]FCXM^)M+\-Z9'\8/[6N(_,NKAY-)CM+5$7=-.[D$K$@#,3
M@G P 20#]![6,8W2=EY;'E\C;WW/DVBOI'P[\$OA9?6OC#Q==:UXFO/ %MXG
MA\,:%_9_D+>SO*&=;F9I$V[ BYV!%9MPY3%<=<_!"R\'V7Q2O?%=]<K9^%;Z
M7P_IDED G]I:J)655&X,/+2-'E<=0-@R"PJU5B]">1GC]%%%:F84444 %%%%
M !1110!^LO[#_'["UO\ ]A"Y_P#2L5U=<I^P_P#\F+6__80N?_2L5U=?)8C^
M-/U9[U+^''T)OBMX8T5_V?IM;U"Q%SJ=O<,-/E,KKY32R1HYPI ;Y8_X@>GU
MKY.KZZ_:EE71/@?X7TI/E>XNXG<>H$3LW_CS"OD6N<U"OH7X/_"'PZ?A/J_C
M'QEI37@F?;ID33R1[@,J&Q&PR&<XY[)GH>?%?!7A2[\;^*]+T*R4M<7LZQY
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M='[I2J0K0C5IN\9*Z:ZI[,****9H%%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !116;XC\0V/A/0KW5]2F\BQLXS+*^,G'H!W). !
MW)%)NVK(G.-*#J3=DE=M]$NIRWQA^*MC\*/"LFH3[9M1G#1V-H<_OI/4X_A7
M()/X=2*^!/$_B?4_&.MW.K:O=/>7UPV7D?L.R@=@.@ K7^)WQ$U#XF^++K6;
MYBJ,2EM;@_+!$#\JCW[D]R2:Y.OGL17=:6FR/Y'XOXHJ<08KDI-JA!^ZN_\
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MKWL%/FI6[']4>'./>+R;V$GK2DX_)^\OS:^0M%%%=Y^IA1110 4444 %%%%
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M]*)^X>%N(Y<7B<-?XHJ7_@+M_P"W'>T445[)_184444 %%%% !1110 4444
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M!_AOU_R/Z=\,9-Y/53Z5'_Z3 ****]$_7@HHHH **** "BBB@ HHHH ****
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M[D*/]KRF(_7%?FW7BX]>^GY'\V^*-'ES'#UN\+?=)O\ ]N"BBBO,/Q8****
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MXU2X#+96.>96'\3>BC(R?P')KX&\2>(]0\6ZW=ZMJMR]U?73EY)&/Y #L!T
MZ #%>=BL1[-<D=S\CXZXKCEE"67827[Z:U:^Q%_^W-;=EKVOF4445X9_, 44
M44 %%%% !1110!]'?L7^%_MGB?6M?EAW1V5NMM#(PX$DAR<>X5<?1_>OKVO-
M/V=_!4G@?X5Z5;3J$O+P&^G [-)@J#[A @/N#7I=?28>'LZ21_9/"&6O*LEH
M49JTFN:7K+7\%9?(****Z3[(**** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ KY4_;9\/E;OPUKB+PZ2V4K8Z8(=!_X])^5?5=>=?'_P %#QQ\+=8M
M8X#/>VJ?;;0*,MYD>3@>Y7<O_ JY\1#VE)I'R7%F7RS/)<1AX*\K<R]8OFM\
M[6^9^?-%%%?-'\8A1110 4444 %%%% 'H'P4^*EQ\*?&,5_\TNEW($-_ HR7
MCS]Y?]I3R/Q'>OT"T[4+;5K"VO;.9+BTN(UEBE0Y5T89!'X&OR]KW/\ 9V^/
MY^'=PN@ZY(\GAR>3,<N,FS<GEO4H>X'0\CJ<^CA,1[-\DMC]?X$XLCE4_P"S
ML;*U&3]UO[+??^Z^O9Z]6S[8HJ*UNH;ZUAN;>5)[>9!)'+&<JZD9!![@@U+7
MN']-IIJZ"BBB@84444 %%%% !1110 445YW\9/C)I?PGT-GE9+K6IT/V.P#?
M,QZ;V]$![]\8%3*2@N:6QQ8S&4,OH2Q.)FHPCJV_ZW[+J<K^U!\6XO!'A.30
M;&=EU[5HBJF,X,$!.&<GL3@J/Q/:OB*M/Q+XDU#Q=KEYJ^JW!NKZZ??)(>/H
M .P X [ 5F5\Y7K.M/FZ'\?\3Y_4XAQ[Q#5H1TBNR\_-[O[N@4445SGR(444
M4 %%%% !5G3--N-9U*TL+.,S7=U*D$,8ZL[$!1^)(JM7L_[*/@L^)_B?%J$H
M_P!$T:,W;<9#2'Y8U]N26_X!5TX>TFHKJ>ME. GFF.HX*'VY)>BZOY*[/M3P
M_I$?A_0=-TN''E65M';)CT10H_E6A117U*5M#^XH0C3BH15DM$%%%%,L****
M "BBB@ HHHH **** "BBB@ HHHH 2OSZ^/?P[?X<_$6_M(U/]G7A-Y9OC \M
MB<I_P$Y'T />OT&KR+]ICX:/\0? $EQ:(TFK:1NN[>-%W-*N/WD8[Y( (QU*
M@=ZX\52]I3TW1^><<9(\XRN4J2O5I>]'S7VE\UKZI'PC11THKYX_D<**** "
MBBB@ HHHH U/#/B;4O!^MVNK:3<O:WMLX='4\'U5AW4]"#UK[1^$G[3&@_$'
M[/IVIE=$UYE ,<K8@G;OY;D\$_W6Y]":^&J*Z*->=%Z;'V'#_%&.X>J/V#YJ
M;WB]GYKL_-?-,_4NBOA'X;?M->*_ $26=PZZ]I: *EM>N=\0'9).H&.,'('8
M"OI/P5^T[X'\7F"":_;0[Z0<P:D-B ]P)?N?3)!/I7M4\53J=;,_HW)^-LHS
M:*BZGLJC^S/3[GL_S\CUNBH+2]M[^%9K:>*YB;I)"X93^(J>NL^]34E=!112
M4#%HJ"\O;?3X&FNIXK:%>LDSA%'XFO+O&G[3?@;P>TL":@VMWBCB'3 )%SV!
MDR$^N"2/2HE.,%>3L>;C<RP>70]IC*L8+S:7W+=_(]7KQSXM?M+^'_A\MQI^
MG,NMZ\JD"&%LPPMV\QQZ?W1SV..M?/'Q(_:>\6>.U>ULY/\ A'M+92K6]DY,
MD@/]^3 )XXPNT<\@UX_7EUL;TI?>?B>?^)*:=#)E_P!OR7_I,7^<ON-GQ=XP
MU;QSKD^K:S=O=WDQZGA47LJCHJCT%8U%%>4VV[L_!ZM6I7G*K5DY2>K;U;?F
M%%%%(R"BBB@ HHHH *]"^!7P[?XD_$.PL9(O,TVV(NKXL<#R5(^7_@1(7\2>
MU>>U]S_LP_#+_A!? ::A>V_EZQK %Q*3]Y(<?ND]N"6(ZY;!Z5U8:E[6HD]D
M?<\'9(\[S2$)J].'O2]%LOF]/2_8]C50J@ !0. !VI:**^C/[""BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#\^?CW\/F^'7Q'U"S
MC7_B7W9-Y:';@"-R?D_X"<K] /6O.J^Z_P!IWX;-X]^'[WEHA?5-&W74"*N3
M)'C]X@[\@!ACJ4 [U\*5\YB:7LJCMLS^/N,LD>2YK.,%^[J>]'T>Z^3T]+=P
MHHHKE/A0HHHH **** "BBB@#UCX-?M!ZS\+9DL;C=JGAUF)>R<_/%G^*)CT_
MW3P>>A.:^R_ 7Q*\/_$G2EO=$O5FP/WMM)\LT)]'3M]1D'L37YN5<TC6;_0-
M0BO]-O)["\B.4GMY"CK^(KMHXJ5+1ZH_2N'..,;DB6'K+VM%=&]8_P"%]O)Z
M=K'Z?T5\=^!?VQM=T>.WM?$FGQ:W I"M=PGRKC;ZD?=8CZ+GN>]>Z>%_VE/
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M/8UX&+H^SES+9G\J<=<./)\;];H1_<U7=?W9;N/IU7EIT,BBBBN$_+PHHHH
M**** "BBB@ HHHH TM#\2:MX9NOM.D:E=Z9<=#):3-&2/0X/(KL[/]H?XBV
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M@]  *ZJOI,/1]C"W7J?V%PED$<@R^-*2_>SUF_/MZ1V];OJ%%%%=)]J%%%%
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MH145T/[0P&!HY;A:>$PZM""LO\_5O5^844459WA1110 4444 %%%% !1110
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M79Z=\&_&NK:7!J-GX<O;BQGC$T<Z*-K(1D,.>F*R?"_@7Q!XU>==#TBZU/R
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M"YTN]L_&/AM]:FENS>IJ-G,(+K<PPZ.^,LA/.">"3ZUW.<&]6M;[71^G3S#
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MG&FK15C]NR[*\%E-'V&"I*$?+=^KW?S84445H>J%%%% !1110 4444 %%%%
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MMF=D0"?*$4G.>I/7WY_2_$]MH?@O5+"S68:OJKK#=3LBA$M%PVQ#G.7< MD
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MI.7ZMGS5:?L3ZV^/M7B33X?7R87D_GMK<L_V(K5,&[\6S2^HAL GZF0UZ/\
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
8% !1110 4444 %%%% !1110 4444 ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tmb-20220408xex99d1002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1002.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  % U@# 2(  A$! Q$!_\0
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M3110 R7_ ()(Z^8R(_VD/%R/V+6LC#\OM0_G5?\ X='>*O\ HY;Q1_X+Y?\
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M7_AUK\4_^CM_&'_@%=?_ "QHHH KZA_P3 ^*=C937'_#6OC!_+7.W['=#/\
MY4:YW_AW?\4_^CJ?&'_@/=?_ "?110 ?\.[_ (I_]'4^,/\ P'NO_D^C_AW?
M\4_^CJ?&'_@/=?\ R?110 ?\.[_BG_T=3XP_\![K_P"3Z/\ AW?\4_\ HZGQ
MA_X#W7_R?110!93]@+XOQ($3]K3QLB*,!5CO !_Y4*7_ (8%^,/_ $=MXX_[
MXO/_ )8444 0WW[!_P 8;.SFG_X:T\</Y:EMNV\&?_*A7-_\,?\ QA_Z.H\<
M?]]WG_R=110 ?\,?_&'_ *.H\<?]]WG_ ,G4?\,?_&'_ *.H\<?]]WG_ ,G4
M44 '_#'_ ,8?^CJ/''_?=Y_\G4?\,?\ QA_Z.H\<?]]WG_R=110!8C_92^-D
M*!$_:S\?(@X"K/>@#_R?IW_#*WQO_P"CM?B!_P"!%]_\GT44 17G[+OQOM+2
M:;_AK/X@-Y:%]OVB^&<#_K_KF_\ A1WQO_Z.H^('_@;??_)M%% !_P *.^-_
M_1U'Q _\#;[_ .3:/^%'?&__ *.H^('_ (&WW_R;110 ?\*.^-__ $=1\0/_
M  -OO_DVC_A1WQO_ .CJ/B!_X&WW_P FT44 6(_@[\=(D"+^U-XY(']Z:[8_
MF;S-/_X5#\=?^CI?''_?RZ_^2Z** (KKX3_'6VM9IO\ AJ/QPWEH7V^;=#.!
MG_G[KF?^$;^.O_1R_CC_ ,";K_Y*HHH /^$;^.O_ $<OXX_\";K_ .2J/^$;
M^.O_ $<OXX_\";K_ .2J** #_A&_CK_T<OXX_P# FZ_^2J/^$;^.O_1R_CC_
M ,";K_Y*HHH L1:3\>88PB_M*^,B!W9YF/YFXS3_ .S?CW_T<IXP_.7_ .2*
M** ([BS^/<%O++_PTGXP;8I;&9><#_KXKF/^$I^/?_1P_C#_ +_2_P#QZBB@
M _X2GX]_]'#^,/\ O]+_ /'J/^$I^/?_ $</XP_[_2__ !ZBB@ _X2GX]_\
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-_P"_<'_QNBBB@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tmb-20220408xex99d1001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  ! U<# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
ABB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>tmb-20220408xex99d1009.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1009.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" &C U,# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MO<PMN26-U#(ZGN"""#[U;K@/V?X-*M/@9\/K?0]3;6M'AT&QBM-1>(Q-<Q+
M@60H>4) SM/(SCM7?T %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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MOAMX/$F@PVYE2Y6*-8AL(8 91>A[D]CBOHG_ (7</^@,?_ K_P"PH_X7</\
MH#?^37_V%']FXK^3\5_F']JX/^?\'_D=EX \&6/PY\#Z!X6TPR-I^BV$&GP-
M*<NR1($!8]R0,GW-;]<;X3^(L?B22\\^T738;:,2--+."N"<<DJ .E=3INIV
MFLZ?;WUA=0WME<QB6&YMY!)'*A&0RL."".XKAJTIT9<E169Z%&M"O#VE-W19
MHHHK(V"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MUS3XKU(6;<8BR_,A/<JV5)]J["@ HHHH **** "BBB@ HHHH **** "BBB@
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MC=;6SC:\H_=H?J:R0/CY\3_G$VC?!_19""J>6-2U@+GOG]U&V.JGIZUI:O\
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MN5A@XI?VI]+M-*_:W_9.BL;2&TB?7-<F=+>,(K2/# SN0!RS,22>I)->^/\
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MZ4/Y@"BBB@ HHHH ^M/^"<G_ "4_Q/\ ]@<?^CXZ_0>OSX_X)R?\E/\ $_\
MV!Q_Z/CK]!Z_#^*_^1I/TC^1^]<)_P#(JAZO\PHHHKX\^Q"BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ KD/BK_R)=U_UTB_]#%=?7(?%7_D2
M[K_KI%_Z&*Z\)_O%/U7YG'C?]VJ>C_(\+HHHK] /S8**** "BBB@#T;X*?\
M(7U/_K@G_H1KUVO(O@I_R%]3_P"N"?\ H1KUVOB<T_WJ7R_(^\RC_=(^K_,*
M***\H]D**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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MJ?\ UP3_ -"->NU\3FG^]2^7Y'WF4?[I'U?YA1117E'LA1110 4444 %%%%
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M=ZD3<F/[4!DM'$=K*JGDA=W1A7'>+/VG/CO\-OVG/#=MXL\)Z3IWPO\ $_B
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MB;?FU8])_P""?^C7GAWXS^--+U&!K6^L],,$\+CE'6X0$?G7WU7R=\"GA?\
M;*^*GV<,L0TV!0KG+ C[."#[@@U]8U^7<0U77QJJM6<HP?WQ3/U7AVDJ&"=)
M.ZC*:^Z304445\R?3A1110 4444 %%%% !1110 4444 %%%% !1110 4444
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MF#_G_!_Y'S9XI_8%\8Z=^S9X7^&W@?Q]9V6KP:Z?$6N:WJUHTO\ :%WDNI"
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M10 4444 %%%% !1110 4444 %%%% !1110 4444 %><_M&_\D%^('_8$N_\
MT4U>C5YS^T;_ ,D%^('_ &!+O_T4U=F"_P!ZI?XE^:./&_[K5_PO\C\V_A_\
M?=1^'GA*X\-Q^%?"GB#39KLWCC7],-VQDP%!_P!8!P!QQD9/-<IXK\=2>*/%
MR^($T71M"E4QLMCHMG]FM%*8P1&&."<9//-<TWWC]:2OZ)AA:,*CJQC[SW/Y
MLGC*]2G&E*7NQV\CJ[CXB75]XH\1:]>:7I-]=ZXLXFCNK4R1P-*VXR0@ME'4
M_=;)QD]:ZNS_ &D?%%IX6CTDV.AW-_%:FR@\1W&G*^K00$%0B7!.0 I(!QD
M]>E>4T4IX2A424X)VV^0X8W$4VW";5]_F;?A#Q=>^"M7.HV*PR3FVGM=MPI9
M-DL31MP".=K''OCK74_#SXY^(/AOHTVF6-II&I6_G&YM6U>P6Z>PG( ,UN6/
MR/@#U''2O.Z*NKAJ-9-5(IWM^&WYLBEBJU!ITYM6O^._Y(^O/^">NH7.K?%[
MQ?>WL[W-W<:699II6RSNUPA+$]R37W_7Y\?\$Y/^2G^)_P#L#C_T?'7Z#U^+
M\5)+,Y)=H_D?N/";;RN#?>7YA1117R!]@%%%% !1110 4444 %%%% !1110
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M4_\ K@G_ *$:]=KXG-/]ZE\OR/O,H_W2/J_S"BBBO*/9"BBB@ HHHH ****
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MU$**** "O(/C5_R&M._Z]V_]"KU^O(/C5_R&M._Z]V_]"KULK_WE?,\7-_\
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MO5+_ !+\T<>-_P!UJ_X7^1^1;?>/UI*5OO'ZTE?TH?S %%%% !1110!]:?\
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MMX^^/-^D7[/GB'PY\29_'D+OXBM;6X;0VTR.Z$K7HE9O+6:15R=O'S$\$D4
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MWD=P!WP%[=* /N+7/$&F>&=.DU#5]1M=+L8R ]S>3+%&I)P 68@<FJVN^,M
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M?W@L[EPAE@'E^860KYG.,$CH,=,BLZ/Q-J6G:A;WPN-2"7.EW=_.U_=AA*@
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M %L^^:R_#XU:WLM4FTVY:V:*-3,B B5DW=5XR,'K@BNU-\DXJ756=^]NN_\
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MT%\4E^'WQ!^'/@KQS\8/$_@72].\(BYU75- <&_U6^+Q0JS 02Y4;)I';:
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MUU]U^U+\";Z$PW'Q>^'<\1P2DOB:P93^!EJ4?M8? ]0 /C'\/P/^QHL?_CM
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M+)\/_P#PJ+'_ ..T >JUXY\;/^0WIW_7NW_H57O^&L?@A_T63X?_ /A46/\
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M,AN-0;3[CRY;N)5+-')+@N%.,G80QQC.#BOG?[6Q'E]W_!/IO[&PW=_?_P
M]Y;Y6VLK(WHRX-%> _LY>+_!&E>#_%]]X?UZ6V^'&E:D(;2ZU^](%K^[C$V7
MG;>D9E?Y?,P<MP.17??\-#?"K_HIO@[_ ,'UK_\ '*]S XMUZ;E5:3O_ )'@
M9A@EAJBC13:MZ]6?0WP4_P"0OJ?_ %P3_P!"->NU\L?"+]IGX/Z9JFH/>?%?
MP1:HT*A6G\1V: G<>!F2O4O^&L?@A_T63X?_ /A46/\ \=KY[,FI8F33[?D?
M2Y5%QPL4U;?\SU6BO*O^&L?@A_T63X?_ /A46/\ \=KO?"GC'0/'FB0ZSX9U
MS3?$6CS%EBU#2;N.ZMY"K%6"R1DJ2""#@\$$5Y9ZYL4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %>7R?LM_!F:1I'^$G@5W8EF9O
M#5D22>I)\JO4** /+?\ AE?X+_\ 1(O ?_A,V7_QJC_AE?X+_P#1(O ?_A,V
M7_QJO4J* /+?^&5_@O\ ]$B\!_\ A,V7_P :H_X97^"__1(O ?\ X3-E_P#&
MJ]2HH \M_P"&5_@O_P!$B\!_^$S9?_&J/^&5_@O_ -$B\!_^$S9?_&J]2HH
M\M_X97^"_P#T2+P'_P"$S9?_ !JC_AE?X+_]$B\!_P#A,V7_ ,:KU*B@#RW_
M (97^"__ $2+P'_X3-E_\:H_X97^"_\ T2+P'_X3-E_\:KU*B@#RW_AE?X+_
M /1(O ?_ (3-E_\ &J/^&5_@O_T2+P'_ .$S9?\ QJO4J* /+?\ AE?X+_\
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M7_Z)%X#_ /"9LO\ XU7J5% 'EO\ PRO\%_\ HD7@/_PF;+_XU1_PRO\ !?\
MZ)%X#_\ "9LO_C5>I44 >6_\,K_!?_HD7@/_ ,)FR_\ C5'_  RO\%_^B1>
M_P#PF;+_ .-5ZE10!Y;_ ,,K_!?_ *)%X#_\)FR_^-4?\,K_  7_ .B1> __
M  F;+_XU7J5% 'EO_#*_P7_Z)%X#_P#"9LO_ (U1_P ,K_!?_HD7@/\ \)FR
M_P#C5>I44 >6_P##*_P7_P"B1> __"9LO_C5'_#*_P %_P#HD7@/_P )FR_^
M-5ZE10!Y;_PRO\%_^B1> _\ PF;+_P"-4?\ #*_P7_Z)%X#_ /"9LO\ XU7J
M5% 'EO\ PRO\%_\ HD7@/_PF;+_XU1_PRO\ !?\ Z)%X#_\ "9LO_C5>I44
M>6_\,K_!?_HD7@/_ ,)FR_\ C5'_  RO\%_^B1> _P#PF;+_ .-5ZE10!Y;_
M ,,K_!?_ *)%X#_\)FR_^-4?\,K_  7_ .B1> __  F;+_XU7J5% 'EO_#*_
MP7_Z)%X#_P#"9LO_ (U1_P ,K_!?_HD7@/\ \)FR_P#C5>I44 >6_P##*_P7
M_P"B1> __"9LO_C5'_#*_P %_P#HD7@/_P )FR_^-5ZE10!Y;_PRO\%_^B1>
M _\ PF;+_P"-4?\ #*_P7_Z)%X#_ /"9LO\ XU7J5% 'EO\ PRO\%_\ HD7@
M/_PF;+_XU1_PRO\ !?\ Z)%X#_\ "9LO_C5>I44 >6_\,K_!?_HD7@/_ ,)F
MR_\ C5'_  RO\%_^B1> _P#PF;+_ .-5ZE10!Y;_ ,,K_!?_ *)%X#_\)FR_
M^-5YQ\;O@)X)TCPZ-$\*:+;?#V+5E;[7>>"K>'2;IS&R%#YD48Y&Y@,@X#MC
M&37TS6'XE\':=XK:W-^LK& ,$\N0I][&<X_W10!\>^#?ARGP[\':CH]KKGB'
MQ*9O-E%QXBU$WUSN9,;%<JN%XX7'4GUK@_#)^('PY_9\\!G0_#0U/5M+M8%U
M;P[=)Y=Y+" 1(D)+ +,O!"D'=@CKBON/_A3_ (>_YYW/_@2U)_PI[P[C'EW.
M/3[0U 'RC\ - ?XH^/M=UCQCX%?1M%\0/;V9\-^);:*9[F.")SYMQ"=R9+D8
M!SQ$A],?2G_#*_P7_P"B1>!/_"9LO_C5=-I'PRT31-1@O;6.=9X&+)NG)&2"
M.GT)KK* /+?^&5_@O_T2+P'_ .$S9?\ QJC_ (97^"__ $2+P'_X3-E_\:KU
M*B@#RW_AE?X+_P#1(O ?_A,V7_QJN[\+>$-"\#:+#H_AS1=/\/Z3"6:.PTNT
MCMH$+$LQ6.,!1DDDX'))K7HH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ KS_Q'\5QX?\ C3X.\ ?V69SXBTW4-0_M#[1M
M^S_93 -GE[3NW>?UW#&WH<\>@5\X_%S6M/T']L?X.W>IWUKIUL/#GB!?.NYT
MA3)>QP,L0,^U 'K'Q*\6^+/"LGAX>%_!8\8+?:C':Z@QU>&P_L^V;[UQ^]!\
MW;_SS7YCVKLFGC1]K2*K8SM+#./6OB3_ (*"^(-+\1R_ .XTK4+/4X%^(FGQ
MM):3I,H;.<$J2 >17G'QH^%WAOXJ:9^U7\2/%]U<6'C/PI>S:3HEZ;V6!M,M
M(;6/R@B*X4I/O;(8'=YAQUH _2)9XV8*)%+$;@ PR1ZUR_Q#\4:_X<T""]\*
M^&4\8WSWL%O)9#4XK$1PLX$DWF2 J=BY;9U;&!S7P+^S;+%;_M>? _>Z(&^#
M5N%S@9.$/'X GZ UY[X"DBN/^"?-M)&4DB?XKP,A !!!U!,$?A0!^FOQC^(Z
M?"7X7^*/%[6(U1M$TZ;4!8>>(3/Y:EMH?:VW..NTX]*C^#GQ,C^+'PH\*>-7
MLAHRZ[817HLGN!+Y.\9V;]J[L>N!]*_.'XP^%-+^,OC7]KOQ1XXUBYM=>\"V
M*VGAN.6[DC73H#&?F1%8 K,0$(((/F'C)%0SP?\ "PO#GP1\$Z_X#UKXB>%;
M+X6KK4&EZ3J$5B+>\:8Q->,\DL88Q(J@#)QYN2#F@#]5Y;B*#'F2(F>FY@,T
ML4R3+NC=77U4Y%?E#XIUO0_B#^PY\/;;QWX>C^)_Q5O+R]\.>!P+R:YEF_?;
M/.=XI%#^4JA2QSS&H/5C7W5^Q5^SPW[,WP!T+PC=RK/K;;K[5'C.8Q=28+HG
MJJX"@]]N>] 'N]%%% !1110 5X?\?/VB->^%_BOPYX/\%?#B_P#B7XRUN">]
MBTZ#4(M.@AMH2H>1[B4%0<L %QSZCC/N%>%?M2_M#R?!O1;#0O#=I;ZS\1_$
M:RPZ#IEW<I;VZE0-]Q/([*JQ1Y!.2"W0=<@ \[7_ (*'Z+K/PX\.ZEX:\"ZY
MK?C[7M;F\-VO@AY([:9-1A"F=)+ALHL:!U/FX(YY"X;;J7G[>&FZ/\%SXLU/
MP-K4'C%=<?PO)X)MI$GN(]44X\HSC"",@J?-(Y##"GI7S3X;^'>D_LW_ !2_
M94N=<\3:9J2W&KZ]/X@\00W:26C:O>6Z;4W@E1UC0$XZ G&:]M^$_P <O!_P
MDTW]H/XDZQJ4?_")WGCN6+3;BU(?^T)UMH(S' !]]BZ,,]."<X&: .H\._MY
M:5'X%^(^I>./ ^N^#/%?P_:!-;\,*R7TFZ?_ (]_(F3"2!^/FP  <\CFMOX%
M?M;WOQ)^)EY\./''PZU3X9>.X].76+?3KF]BU""YLR0 ZSQ  ,"1E"..1G((
M'$?LR"R^$_ACXL_&WXF>(M*MM=\47G]LZO;V=ZET-'LD#+:VK-&QRZJ=N!WP
M 3BH_P!E+0-0^)OQW\6?'/QA>:59ZSK5@FG^'/#5M?Q7%SI^E AP\X1SB5_D
M)7^$ELXXH ^QJ*** "BBB@ HHHH *X+XY_%NU^!WPPU?QC=:7>:W]B,44.FZ
M>N9KF:658HHUSP,NZ@D]!DUWM<I\5/B9H7P=\ :SXP\2W+6NC:5#YLSHI9V)
M8*J*!U9F95 ]2* /GK0/V][?0;WQ=HWQ<^'NK?"[Q/X=T4^(7TW[;#JD=W9!
ME7=%/%M4R;G5=AQR>O!QH_";]M>;Q;?ZG!X]^'&K?#.(>'7\6Z3+=WD=\=2T
MM#\\FR)0T<H!4F$Y;YOIGY%^.G@[Q+\4OA1\=_C/XLDTNQ\3:KHMO8:+X6L-
M2AN9],TB.YAD=I]CG]XVU2P[<],XKZ/\,_$#PQXV_:3^"&H^'=:L-2L-'^'6
MHWNI3VDRE+2WD%HL;2D?<Y1_E.",'(% &U\)_P!O0>/_ ![X4T?7OAEKW@K0
M?&QG'A+7;ZYBG&I>5G>)H4^:V; X#%LY!SCFGZ5^WO97/Q:TGP_J/P^US1_!
M.NZU+X:T3QE<S1E+W4HF"/&UJ/GCCWDJLA)SCH/FV\OX,\2:7^U=^U'X<^)<
M&LV$7P[\$PW-KX:@GNT6ZUB_?*S720;MXB4#:I8 MMR!BN _:.^-/A#7?CM\
M$_BAHGC"P^(.B6?B0:!#X&="DEG=EBDE_'@AS*C>7@2+MX7;U) !^BE%(.E+
M0 4444 %%%% !2$X&:6B@#Y F_;^OH]?EU,?"'7_ /A4\.OKX;E\<27T*.MV
M91#N%B1YAB\QE&_=WZ9^6M7QY^W=#X9^(?B32=#^'^J>)_!_@ZZ@M/%WBV*]
MA@ATIY651Y<+9>YVEANVE=O/4#-<-\:OB6G[6GQ1T/X<>$M3TRR^'?ACQ';W
M'BOQ!J%['#]KNK:02+86L;,'D.X+N<#;DCG@Y\/.M:?X;^%?[;'A35[^VL_$
M]YXED>VTZXF43SK,Z"'8"<MG(QC.* /K+XV?MMS?#7QSJWASPK\--:^((\.Z
M9'K?B2_L[J*SAT^R=597C,@/VA]K!O+7'&>>&QTGQ,_;,\%?#[]F:S^-$:7&
MH:-JEM%+I6GR?Z//=S2 E(3D-L/RMDX( 4GGC/F/[4/Q-N=7^'VE? 'PIJVG
MV/Q!\0Z-;)J]SJ=RD,&C:645)YY'=@"[<(J#+'>3C KP']KY_!7@C0O#WP^D
M75KOPKX&\!W']AW%EIDMY:W^I3Q^2DSS1@H@C1'8L3C=+Z+0!^BGP5^) ^,'
MPH\*^-1IYTD:[I\5]]A,WG>1O&=N_:N['KM'TKM:^=O^"?\ XUT[QG^RAX"_
MLY;M?[*T^+3;C[7:O!F:.-2Q3<!O3YAAUR#SZ5]$T %%%% !1110 4444 ?.
MWQM_:I\0^ ?B4O@+P%\*=6^)WB6#33K.H)!J$.G6]K:9QD2R!O,D)Z1@ G/!
M)XK UG]O'3M0\&_#.Z\!>!]5\;>,_B#;RW6D^%C=16+Q1PDK.UQ<292,*P90
M>=Q'8<UI_M:_M'S^!X/^%;^!?LVH?%7Q!9N;.&[NDM;;3;8Y5[R>61E50O\
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M"9;=!NME;^%G)W9'&,D?4]?D7^ROXA\:?"'7OV<M7LOC!-XMLO&M]_PCFI^
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M@8(KF-<\"VOQS\:?'76O':3W6HV?PNT37'L[:\DCMCJ/V!76=@A D*'?MW9
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ML?0]7.BM820_V>1B/S_MF_\ >$XV;-G?=GM0![C\/?\ @G_\'_AAX2\;>&]
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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MJ98;>&P@>T"DC*@,S,I'<G%?G1^DGV;<_%'PG9VOB"YF\0Z?%!X?C2759&F
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M0.#]I_LM^--*\<?!W3KO2O!\/@%;2YN=/NO#=OY9BL+F&9DFC1HP%9=X8AE
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MA_YU]!D_\27H?-YY_"AZF/D^IK3\+D_\)'IG/_+S'_Z$*RZU/"__ ",FF?\
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M7T1?04 ?8.H?'GX=:5X\A\%7GC?0+;Q;,ZQ1Z++J,2W3.WW4\LG.X\87J<C
MYI-8^/7PY\/^.;;P9J7CC0+'Q7<.D<6CW&HQ)<L[_<783G<W& >3D8ZBOAC2
M? OQ@\7?#_Q]-IL7P5TKP?<^*M5O+S7/$D]]%K%E<QWS_OY)54Q1RQE$V'H
MJ<8XKLO%&D^)_@UXV\?^*-+T3P)\9/@YJ?B7^U/$<321G6M#N%,7F\G*2>24
MCD$9RXP  G6@#[RHJ.WG6Y@CE3[DBAE^AJ2@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ I#2T4 ?#/Q'_8)\
M7>,OB%XGU^V\1Z+!;:KJ=S?112I/O19)6<!L+C(#<XKG?^'<OC3_ *&G0?\
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@H **** "BBB@ HHHH **** "BBB@ HHHH **** /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>tmb-20220408xex99d1016.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tmb-20220408xex99d1016.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  # UD# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
ABB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
